General capital assets should be distinguished from capital assets that are specifically associated with activities financed by proprietary and fiduciary funds, since capital assets acquired by proprietary and fiduciary funds are accounted for by those funds.
Answer the following statement true (T) or false (F)
True
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Pollo Campero, a chicken restaurant chain based in Central America, is using the following method for expanding operations in the United States:
A) joint ventures. B) licensing. C) exporting. D) franchising. E) acquisition.
A(n)___________results when cash is received before the related amount is reported on the income statement
Fill in the blank(s) with correct word
Watson Company has 5,000 shares of $5 par, 3% preferred stock outstanding, and 25,000 shares of $2 par common stock outstanding. The preferred stock is cumulative and no dividends have been paid for the past two years. If the company wishes to distribute $2 per share to the common stockholders, what is the total amount of dividends that must be paid in the current year?
a. $ 2,250 b. $50,000 c. $50,750 d. $52,250
Which of the following transactions is a significant noncash investing and financing activity?
a. Land is purchased for cash. b. Bonds are issued for cash. c. Cash equivalents are purchased. d. Equipment is acquired by issuing a long-term note.