The appropriate section in the statement of cash flows for reporting the issuance of common stock for cash is:
A. Financing activities.
B. Investing activities.
C. This is not reported on the statement of cash flows.
D. Operating activities.
E. Schedule of noncash investing or financing activity.
Answer: A
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Which of the following is a condition required by the SEC for the recognition of revenue?
a. Completion of goods manufactured b. Execution of a promissory note c. Price in excess of $100 d. Reasonable assurance of collection
Which of the following is defining values and subsystems that are the basis of a strong culture?
A. involvement B. adaptability C. mission D. consistency
What are the three decisions a leader must make as he or she strives for team effectiveness?
What will be an ideal response?
Connie and her fellow union employees went out on strike when the company refused to meet the union's demands for higher wages and better benefits. Shortly thereafter, the company began hiring permanent replacement workers. After a hard eight-month
strike, the union and the company reached an agreement. When the strike was over, Connie was upset that she was not given her job back. The replacement worker that took over her job was retained. She believes she has a legal right to her job, especially since she was a faithful employee for over 20 years. Is Connie right? Explain.