Dali Designs purchased a new studio for $75,000. Dali paid $29,000 as a cash down-payment and signed a long-term mortgage payable for the remainder. How would this transaction be reflected on the Statement of Cash Flows under the indirect method?
A) A 29,000 outflow of cash in the investing section and a $46,000 outflow of cash in the financing section
B) A $29,000 outflow of cash in the financing section
C) A $75,000 outflow of cash in the financing section
D) A $29,000 outflow of cash in the investing section
D) A $29,000 outflow of cash in the investing section
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A(n) ________ is an increase in the value of personal property because it is added to or improved by natural or manufactured means
A) arraignment B) accession C) lien D) bailment
Which of the following is not one of the factors that made international management activities of entrepreneurial and new-venture firms possible?
A. Advances in telecommunication B. Advances in Internet technologies C. Customized, old access channels D. Greater efficiencies and lower costs in shipping
Mr. R. owns 20,000 shares of ABC Corporation stock. The company is planning to issue a stock dividend. Before the dividend Mr. R. owned 10 percent of the outstanding stock, which had a market value of $200,000, or $10 per share
Upon receiving the 10 percent stock dividend the value of his shares is ________. A) $220,000 B) $210,000 C) $200,000 D) $180,000
An investor adopts a variable ratio policy of investing in both a high beta mutual fund and a money market fund. Money will be moved from the money market fund to the high beta fund
A) when the high beta fund's value has declined. B) when the high beta fund's value has increased. C) on the same date each year. D) whenever accumulated interest in the money market fund exceeds a specified dollar amount.