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The following data is for the Matt Company for 2018: Loss on sale of equipment$4,000 Purchase of Ithaca Corp. bonds (face value $400,000) 375,000 Proceeds from sale of machinery 200,000 Dividends paid 25,000 Proceeds from sale of treasury stock 100,000 The amount reported as net cash from investing activities is:
A. $ 87,500. B. $ (150,000). C. $ 575,000. D. $ (175,000).
Read the information about Cobb Company. What is Cobb's income from operations?
a. $ 1,600 b. $ 2,000 c. $ 2,200 d. $ 2,800
Based on Exhibit 1.9, which of the following is NOT a component of legal astuteness as referenced in the text?
a. A set of value-laden attitudes about the importance of law to the firm's success b. A practice of leaving the resolution of legal issues to outside counsel c. The ability to exercise informed judgment when managing the legal aspects of business d. Context-specific knowledge of the law and the appropriate use of legal tools
Pearson Advising will have cash receipts of $35,000 in April and cash disbursements of $30,000 for this month. If its beginning cash is $5,000 and its desired reserve is $2,000, what will its excess be for April?
A) There is no excess but a shortfall. B) $5,000 C) $7,000 D) $8,000