Cash inflows and outflows are easier to manipulate than earnings
Indicate whether the statement is true or false
False
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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. $(280,000) B. $(390,000) C. $(1,286,000) D. $(760,000)
Write-downs and restructurings are often an indication of bad management decisions in the past
Indicate whether the statement is true or false
On a work sheet, if the Debit total exceeds the Credit total of the Income Statement columns, a net loss is indicated.
Answer the following statement true (T) or false (F)
Which of the following is an objective of the North American Free Trade Agreement?
A) Create trade barriers to the movement of goods and services across the borders. B) Promote conditions of fair competition in the free trade area. C) Decrease investment opportunities in the area. D) Immediately eliminate all tariffs between the three countries covered by the agreement.