Significant financing and investing activities that do not affect cash are not reported in the statement of cash flows or any other place.
a. true
b. false
Answer: b. false
You might also like to view...
What is the correct formula for B9?
a) =(B4*B6)/(PRICE(B2,B3,B4,B5,B6/B6*100,B7,B8)*B6)
b) =B4*B6/PRICE(B2,B3,B4,B5,B6/B6/100,B7,B8)
c) =B4*B6/PRICE(B2,B3,B4,B5,B6/B6*100,B7,B8)/100*B6
d) =(B4*B6)/(PRICE(B2,B3,B4,B5,B6/B6*100,B7,B8)/100*B6)
e) =B4/PRICE(B2,B3,B4,B5,B6/B6,B7,B8)
The amount for the Dividends account will appear in the Income Statement columns of a work sheet
Indicate whether the statement is true or false
A cost of quality report compares current period quality costs in specified categories to
a. last year's quality costs. b. current period budgeted quality costs. c. total quality costs for the period. d. both a and b.
On May 1, 2010, Stanton Company purchased $50,000 of Harris Company's 12% bonds at 100 plus accrued interest of $2,000. On June 30, 2010, Stanton received its first semiannual interest. On February 1, 2011, Stanton sold $40,000 of the bonds at 103 plus accrued interest. The journal entry Stanton will record on June 30, 2010, will include:
A) a credit to Interest Revenue for $2,000. B) a debit to Cash for $3,000. C) a debit to Cash for $2,000. D) a credit to Interest Receivable for $1,000.