Shredding computer printouts is an example of an output control
Indicate whether the statement is true or false
T
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When a business uses a subsidiary accounts receivable ledger, a controlling account for accounts receivable should also be kept in the general ledger
Indicate whether the statement is true or false
Which of the following is not an example of indirect materials?
a. Wood in a desk b. Nails in a desk c. Screws in a desk d. Lubricants for machinery
Variable costs will become fixed outside the relevant range.
Answer the following statement true (T) or false (F)
Spackel Corporation recorded the following events last year:??Issuance of shares of the company's own common stock$380,000Purchase of long-term investment$40,000Dividends paid to the company's own shareholders$18,000Cash paid to suppliers for inventory purchases$12,000Repayment of principal on the company's own bonds$370,000Interest paid to lenders$6,000Collection by Spackel of a loan made to another company$110,000Purchase of equipment$350,000On the statement of cash flows, some of these events are classified as operating activities, some are classified as investing activities, and some are classified as financing activities.Based solely on the information above, the net cash provided by (used in) investing activities on the statement of cash flows would be:
A. $(390,000) B. $(1,286,000) C. $(280,000) D. $(760,000)