Which of the following would not represent a financing activity?
A. Borrowing money from a bank to purchase new equipment.
B. Buying supplies.
C. Paying dividends to stockholders.
D. An investment of capital by the owners.
Answer: B
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_____ is a calculation of the difference between the stream of benefits and the stream of costs over the life of the system, discounted by the applicable interest rate.
Fill in the blank(s) with the appropriate word(s).
When direct materials are issued from inventory to production under a job order costing system, an increase is recorded in
a. Overhead. b. Work in Process Inventory. c. Materials Inventory. d. Finished Goods Inventory.
What is the difference between a press release and a media alert?
What will be an ideal response?
The capital accounts of Harrison and Marti have balances of $180,000 and $130,000, respectively, on January 1, 2010, the beginning of the current fiscal year. On April 10, Harrison invested an additional $20,000. During the year, Harrison and Marti withdrew $96,000 and $78,000, respectively, and net income for the year was $248,000. The articles of partnership make no reference to the division of
net income. Based on this information, the statement of partners' equity for the 2010 for the partnership would show what amount in the capital account for Harrison on December 31, 2010? A) $228,000 B) $176,000 C) $404,000 D) $52,000