Upon review of Jan's Lakeside Resort statement of cash flows, the following was noted: Cash flows from operating activities $ 35,000 Cash flows from investing activities 75,000 Cash flows from financing activities (125,000) From this information, the most likely explanation is that Jan is
a. using cash from operations and selling long-term assets to pay back debt
b. using cash from operations and borrowing to purchase long-term assets.
c. using its profits to expand growth.
d. using cash from investors to provide for operations.
a
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Inventory Returns Estimated is a current asset account used in a period-end adjusting entry to reflect the inventory estimated to be returned in the future.
Answer the following statement true (T) or false (F)
Where litigation in international disputes should occur is
A. dictated by where the problem arose; a problem arising in India is adjudicated in India. B. at times unclear, in which case, the UN International Court of Justice will make a jurisdictional ruling. C. usually evident from the documentation available. D. often complex, so contracts should include choice of law and choice of forum clauses.
__________is a sales practice that involves building, maintaining, and enhancing interactions with customers in order to develop long-term satisfaction through mutually beneficial partnerships
Fill in the blanks with correct word.
When interpreting and analyzing a graphic presented within the text,
a. restate what the graphic obviously shows to facilitate deeper level understanding. b. emphasize the main point with a summary, comparisons to other sources, and speculations on outcomes. c. restate all data presented in a text format. d. do none of the above since the graphic speaks for itself.