What was the amount of net cash provided by (used for) investing activities?
Connecticut, Inc. uses the indirect method to prepare its statement of cash flows. Refer to the following portion of the comparative balance sheet:
Additional information provided by the company includes the following:
1. Equipment was purchased for $69,000 with cash.
2. Equipment with a cost of $33,000 and accumulated depreciation of $7300 was sold for $46,000.
A) $188,000
B) $23,000
C) $(188,000)
D) $(23,000)
D) $(23,000)
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Manson World reported the following: Common stock, $1 par, 200,000 shares authorized, 100,000 shares issued and outstanding What is the effect of a 2-for-1 stock split if the market value of the common stock is $20 per share when the stock split is declared?
a. Retained earnings in the amount of $400,000 is transferred to the contributed capital accounts. b. Cash decreases $400,000. c. Additional Paid-in Capital increases $400,000. d. A stock split has no effect on total stockholders' equity.
After an accident with a vehicle licensed to Guardian Security Company, Heidi signs a covenant not to sue Guardian Security for damages in a tort action if it pays for the damage to her car. This covenant is
a. a bar to recovery only if Guardian Security pays. b. an illusory contract. c. barred by the preexisting duty rule. d. barred by the doctrine of promissory estoppel.
Which of the following statements is false?
A) The NPV will be positive if the IRR is less than the cost of capital. B) If the multiple IRR problem does not exist, any independent project acceptable by NPV method will also be acceptable by the IRR method. C) When IRR = k (the cost of capital), NPV = 0. D) The IRR can be positive even if the NPV is negative. E) The NPV method is not affected by the multiple IRR problem.
Firms often engage in supply base rationalization. What is the advantage of engaging in this technique?
What will be an ideal response?