Which of the following is not a typical cash flow under investing activities?
a. Cash inflow from receipt of loans
b. Cash inflow from sale of property, plant, and equipment
c. Cash outflow for payment of amounts borrowed
d. Cash outflow for loans to other entities
e. Cash outflow for purchase of property, plant, and equipment
C
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A corporation is defined as a legal entity that exists separate and distinct from its owners
Indicate whether the statement is true or false
On January 1, a machine with a useful life of five years and a residual value of $3,000 is purchased for $15,000 . What is the depreciation expense in year 2 using the double-declining-balance method?
a. $3,600 b. $4,800 c. $4,080 d. $6,000
Which of the following is NOT a benefit component of total compensation?
A. cost-of-living adjustment B. allowances C. merit increase D. incentives E. relational returns
The possessive form of it is ________________
a. it's b. its' c. its's d. its