In a statement of cash flows, proceeds from the sale of a company's own bonds or mortgages should be classified as cash inflows from
a. leveraging activities.
b. operating activities.
c. investing activities.
d. financing activities.
D
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Which of the following procedures would not be used to obtain an understanding of the entity and its environment?
A. Reperform entity processes. B. Verify proper valuation of inventory subject to technological obsolescence. C. Review prior year's audit documentation. D. Observe entity operations.
General-purpose external financial statements are not primarily intended for
A) management. B) investors. C) suppliers of goods and services. D) lending institutions.
The intent of the Foreign Corrupt Practices Act is to
A. function as a barrier to trade by giving U.S. businesses an advantage of transparency. B. penalize developing economies, where functionaries often compensate for their poor salaries by levying small personal taxes. C. export cultural arrogance by asserting that the U.S. practice of business is more transparent than in other countries. D. reduce corruption and thereby make the costs of doing business transparent.
Here's a lovely portion of the sensitivity report for the constraints. Which of these conclusions is reasonable?
Final Shadow Constraint Cell Name Value Price R.H. Side $E$10 Bar/Food 0 1560 0 $E$11 Budget 150000 3.4 150000 $E$6 Excursions 24.24 0 5 $E$7 Restaurant 12 -1660 12 $E$8 Bar Low 12 0 7 $E$9 Bar High 12 0 28 A) Captain Stubing is scheduling more Excursions than he should be. B) Captain Stubing should exhaust his Budget. C) There is no Bar or Food being used. D) The value for Restaurant will rise by $1,660 for each additional cuisine required.