Rarely would the cash flows from operating activities, as reported on the statement of cash flows, be the same as the net income reported on the income statement
Indicate whether the statement is true or false
True
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Exhibit 14-12 On January 1, 2016, Jewels, Inc sold $200,000 of its 12% five-year bonds to yield 10%. Interest is paid each January 1 and July 1, and effective interest amortization is used. On May 1, 2018, Jewels, retired $100,000 of the bonds at 104. The book value of the bonds on December 31, 2017, was $212,926. ? Refer to Exhibit 14-12. The entry to record the retirement in May, 2018 would
include a A) credit to Cash for $104,000. B) debit to Interest Expense for $8,000. C) credit to Premium on Bonds Payable for $12,926. D) debit to Loss on Bond Retirement for $4,024 (rounded).
Collecting information that is made available to multiple subscribers in standardized form would be characteristic of:
A) a syndicated data service firm B) an internal supplier firm C) customized process firms D) syndicated services firms E) a standardized service firm
Asset turnover equals
a. net sales divided by average total assets. b. average total assets divided by net income. c. average total assets divided by total liabilities. d. net income divided by average total assets.
Which of the following theories examines a person’s needs for autonomy and competence?
A. social learning theory B. reinforcement theory C. self-determination theory D. expectancy theory