An example of a transaction that must be disclosed as a noncash investing and financing activity includes all but which of the following?
A. The purchase of noncash assets in exchange for equity or debt securities.
B. A transaction exchanging cash equivalents for cash.
C. The leasing of assets in a long-term lease transaction.
D. The retirement of debt by issuing equity stock.
E. The purchase of long-term assets financed by issuing a note or bond.
Answer: B
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Indicate whether the statement is true or false
For some products, channels may actually be part of the manufacturing process by performing certain production functions. Identify this channel function
A) financing B) risk taking C) relationship management D) product assembly
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a. Startle or shock the audience b. Use an interesting quote from a relevant source c. Use off-color humor to upset the audience d. Use a story to arouse emotion
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a. reducing to zero the balance in each income statement account. b. debiting the revenue accounts. c. crediting the expense accounts. d. transferring to Retained Earnings the differences between total revenues and total expenses. e. all of the above.