An analysis of the accounts disclosed the following transactions: 1 . production machinery was purchased for $4,500 cash; 2 . $10,000 was borrowed on a long-term note; 3 . 1,000 shares of $5 par value common stock were issued at par for cash; 4 . cash dividends of $2,000 were paid; 5 . an investment was sold for $23,000; 6 . $50,000 in bonds were retired at maturity at face value; 7 . a plant
asset was sold for $4,500 (at book value). The net cash provided from financing activities was a:
a. $35,000 decrease.
b. $14,000 decrease.
c. $23,000 increase.
d. $14,000 decrease.
e. $37,000 decrease.
e
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Prior to recording adjusting entries, the Office Supplies account had a $359 debit balance. A physical count of the supplies showed $105 of unused supplies available. The required adjusting entry is:
A. Debit Office Supplies $105 and credit Supplies Expense $254. B. Debit Office Supplies Expense $254 and credit Office Supplies $254. C. Debit Office Supplies $105 and credit Office Supplies Expense $105. D. Debit Office Supplies $254 and credit Office Supplies Expense $254. E. Debit Office Supplies Expense $105 and credit Office Supplies $105.
________ broadens the logistics concept to include all organizations, both inside and outside of a firm, that affect the distribution process
A) Reverse logistics B) Supply chain management C) A vertical marketing system (VMS) D) Just-in-time management E) Physical distribution
The __________________________________________________ is computed by dividing the contribution margin by profit before tax
Fill in the blank(s) with correct word
When an individual producer sets a price for its product to earn a certain profit while consumers search for the product at the lowest price available from any producer, we say there is a
A. separation in time. B. spatial separation. C. separation in values. D. discrepancy of assortment. E. discrepancy of quantity.