Stock represents ________.
A. debt from a company
B. ownership in a company
C. profits from a company
D. mutual fund holdings
Answer: B
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For each of the following items, indicate whether it would be classified as either an (O) operating activity, an (I) investing activity, a (F) financial activity, or a significant (N) noncash financing and investing activity.________ (1) Cash sales of merchandise.________ (2) Sale of land for cash.________ (3) Signed a note payable in exchange for cash.________ (4) Purchased supplies for cash.________ (5) Paid cash to settle an account payable.________ (6) Purchased a warehouse in exchange for shares of its stock.________ (7) Paid interest on a note payable.________ (8) Reissued treasury stock.________ (9) Purchased equipment for cash.________ (10) Purchased equipment in exchange for a 6-month note payable.
What will be an ideal response?
A(n) ________ is an action a party to a sales or lease contract is required by law to carry out
A) obligation B) breach C) capture D) revocation
Gracie wants to buy a new couch, but there is only one place in her town that sells them, and she lives in an isolated area. Gracie most likely feels her consumer right to ____ has been violated.
A. choose B. be heard C. safety D. recourse E. be informed
What cost driver would you use to allocate indirect materials to products?
What will be an ideal response?