Which of the following would not appear in the investing activities of the statement of cash flows?
A. Sale of investments
B. Purchase of land
C. Purchase of inventory
D. All of the above would appear in the investing section of the statement of cash flows
Ans: C. Purchase of inventory
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William J. Clinton (1993–2001) was the first U.S. president since the Great Depression to increase taxes to try to reduce the federal budget deficit
Indicate whether the statement is true or false
Producer surplus equals
A) total revenue minus total variable cost. B) total revenue minus the sum of all marginal cost. C) profit plus fixed cost. D) All of the above.
Karl Marx's massive work, titled Das Kapital, was published in 1848
a. True b. False Indicate whether the statement is true or false
The price elasticity of demand measures
a. buyers' responsiveness to a change in the price of a good. b. the extent to which demand increases as additional buyers enter the market. c. how much more of a good consumers will demand when incomes rise. d. the movement along a supply curve when there is a change in demand.