Which of the following is a deduction from net income in reconciling net income to cash flow from operating activities?
a. Amortization of bond premium
b. Cash dividend declared and paid
c. Collection of an account receivable
d. Write-off of an uncollectible account receivable
A
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Robo Corporation entered into noncancelable, long-term material contracts with suppliers for the purchase of raw materials beginning in the calendar Year 4 . These contracts amounted to $500,000 at December 31, Year 4, relating to raw materials with a market price of $575,000 . This amount was considered material for Robo. (CMA adapted, Dec 95 #16) Refer to the Robo Corporation example. Robo
Corporation's financial statements at December 31, Year 4, a. include a contingent liability of $500,000. b. disclose the purchase commitment. c. include a liability of $575,000. d. do not mention this commitment. e. none of the above.
Coral Cleaners, Inc Coral Cleaners reported the following information in the stockholders' equity section of its December 31, 2011, balance sheet. 7% Cumulative, non-participating preferred stock, $100 par, 500 shares authorized, issued, and outstanding, callable at par value $ 50,000 Common stock, $12 par, 100,000 shares authorized 600,000 Additional paid-in capital 25,000 Retained earnings
825,000 Refer to the information presented above for Coral Cleaners, Inc If Coral repurchased 500 shares of its common stock for $20 per share, what is the amount of total stockholders' equity after this transaction? A) $1,510,000 B) $1,500,000 C) $1,494,000 D) $1,490,000
A(n) ________ is an instrument issued by an ocean carrier to a shipper that serves as a receipt for goods shipped, as evidence of the contract of carriage, and as a document of title for the goods
A. bill of lading B. air waybill C. letter of credit D. bill of exchange
George works for a national sporting goods store in the marketing department. He wants to place advertisements in sports magazines that target teenagers. He notices that the sports preferences of teenagers tend to differ in different parts of the country. In one geographic area, for instance, teens are highly into skating culture. Along the coast, however, many teenagers are more interested in surf culture. Because these target markets differ, George should probably try to place advertisements in _________________ of magazines.
A. special editions B. ad inserts C. regional issues D. national issues E. geographic editions