In 2016, Valencia Company purchased equipment for $363,000 and also sold some special purpose machinery with a book value of $155,000 for $182,000 . In its statement of cash flows for 2016, Valencia should report the following with respect to the above transactions:
a. $363,000 cash used by operating activities; $182,000 cash provided by financing activities.
b. $181,000 net cash used by investing activities.
c. $181,000 net cash used by investing activities; $27,000 net cash provided by operating activities.
d. $363,000 net cash used by investing activities.
b
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Answer the following statement true (T) or false (F)
Warehousers are subject to the rights, duties, and liability of an ordinary bailee
Indicate whether the statement is true or false
Because of merchant protection statutes, merchants can always detain and investigate shoplifters
without any fear of liability for false imprisonment. Indicate whether the statement is true or false