As stated in the equity theory, people whose situation is comparable to their own are a/an ______.
A. authority
B. inequality figure
C. referent other
D. designator
C. referent other
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Exhibit 21-1 The Raymond Corporation reported $11,000 of net income for the current year and also uses the visual inspection method for completing the statement of cash flows. The following additional information relates to Raymond for the year: Subsidiary gain included in investment income under the equity method $ 370 Decrease in inventory 80 Loss on disposal of equipment 900 Proceeds from
disposal of equipment 1,400 Depreciation expense 1,200 Acquisition of treasury stock 650 Increase in accounts payable 290 Acquisition of new securities (accounted for using the equity method) 500 Decrease in deferred income tax liability 210 Early retirement of bonds payable at book value 1,000 Increase in interest receivable 30 ? Refer to Exhibit 21-1. What is Raymond's net cash provided by investing activities? A) $ 250 B) $ 900 C) $2,170 D) $3,370
What do the layers in the Social Penetration Model represent? Give an example of each.
What will be an ideal response?
Last year Lawson Company reported sales of $150,000 on its income statement. During the year, accounts receivable decreased by $15,000 and accounts payable decreased by $35,000. The company uses the direct method to determine the net cash flows from operating activities on the statement of cash flows. The sales revenue adjusted to a cash basis would be:
A) $165,000. B) $185,000. C) $170,000. D) $130,000.
Which of the following statements is true?
A) Appropriations of retained earnings require journal entries, but restrictions on retained earnings are usually reported in notes to the financial statements. B) No journal entries are needed to appropriate or restrict retained earnings. C) Both appropriations and restrictions of retained earnings require journal entries. D) Restrictions on retained earnings must be journalized, but appropriations are usually reported in notes to the financial statements.