The firm announce that there will be a 5% increase on it's line of video cameras. (past)
What will be an ideal response?
The firm announced that there will be a 5 percent increase on its line of video cameras.
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In an operating lease, the lessee has acquired sufficient rights of ownership and control of the property to be considered its owner
a. True b. False Indicate whether the statement is true or false
Nelson Corporation has the following information available for 2011: Cash balance on 1/1/2011 $6,000 Cash balance on 12/31/2011 10,000 Net cash provided by operating activities 150,000 Net cash utilized by investing activities 160,000 The financing activity section of Nelson's statement of cash flows would show:
A) net cash provided by financing activities of $10,000. B) net cash utilized by financing activities of $4,000. C) net cash utilized by financing activities of $6,000. D) net cash provided by financing activities of $14,000.
A corporation reports the following year-end balance sheet data. The company's acid-test ratio equals: Cash$40,000 Current liabilities$75,000 Accounts receivable 55,000 Long-term liabilities 35,000 Inventory 60,000 Common stock 100,000 Equipment 145,000 Retained earnings 90,000 Total assets$300,000 Total liabilities and equity$300,000
A. 0.58 B. 0.63 C. 1.27 D. 0.37 E. 2.07
________ is a cash disbursement and ________ is/are an operating expense.
A. Debt; interest B. Depreciation; cost of goods sold C. Depreciation; rent D. Amortization; salaries