A marketable security is an unsecured bank loan whereby the bank agrees to lend a company up to a specific amount of cash, at the discretion of the company
Indicate whether the statement is true or false.
Answer: FALSE
Explanation: A LINE OF CREDIT is an unsecured bank loan whereby the bank agrees to lend a company up to a specific amount of cash, at the discretion of the company.
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Megan Corporation's net income last year was $98,000. Changes in the company's balance sheet accounts for the year appear below: Increases(Decreases)Asset and Contra-Asset Accounts: Cash and cash equivalents$( 3,000) Accounts receivable$( 14,000) Inventory$3,000 Prepaid expenses$( 7,000) Long-term investments$80,000 Property, plant, and equipment$55,000 Accumulated depreciation$58,000 Liability and Equity Accounts: Accounts payable$0 Accrued liabilities$15,000 Income taxes payable$( 11,000) Bonds payable$( 30,000) Common stock$20,000 Retained earnings$62,000 The company paid a cash dividend of $36,000 and it did not dispose of any long-term investments or property, plant, and equipment. The company did not issue any bonds
payable or repurchase any of its own common stock. The following question pertain to the company's statement of cash flows.The net cash provided by (used in) financing activities last year was: A. $(10,000) B. $46,000 C. $(46,000) D. $10,000
Employers report major deficiencies in the written and oral communication skills of new employees
Indicate whether the statement is true or false
A machine with a cost of $139,000 and accumulated depreciation of $89,500 is sold for $59,000 cash. The amount that should be reported in the operating activities section reported under the direct method is:
A. $0. B. $30,500. C. $59,000. D. $49,500. E. $9500.
A(n) ________ consists of the various marketing organizations involved in moving the flow of goods and services from a producer to a user.
A. intermodal shipping network B. distribution channel C. order processing D. trade promotion