U.S. GAAP classifies all of the following as investing activities on the statement of cash flows except for
a. cash inflows from selling manufacturing equipment.
b. cash outflows from purchasing bonds (intended to be held to maturity) of other entities.
c. cash outflows to lender for interest.
d. cash inflows from selling a (long-term) portfolio of equity securities of other entities.
e. cash outflows from buying manufacturing equipment.
C
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An investigator locates the scene that should be observed, anticipates the action that is most likely to occur at the scene, and keeps detailed notes on all activities involving the suspect. Which type of surveillance is being used here?
a. Static surveillance b. Electronic surveillance c. Stationary surveillance d. Moving surveillance
A key characteristic of asset measurement is best described as:
a. average value based on all assets held by the company b. disposal cost less depreciation c. fair value at the acquisition date d. fair value less depreciation
Subtraction of total operating expenses from sales yields:
a. net income. b. gross margin. c. operating profit. d. all of the above. e. none of the above.
Which of the following is NOT an economic need of consumers?
A. convenience B. dependability in use C. efficiency D. economy of purchase E. hunger