In a statement of cash flows, proceeds from the issuance of common stock should be classified as cash inflows for
a. operating activities.
b. financing activities.
c. investing activities.
d. lending activities.
e. exchange transactions.
B
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The difference between micro and macro level leadership is in the _________ and ___________.
a. definition; process b. level; scope c. type; focus d. performance level; definition
The role of the agent in a principal-agent relationship is to
A) provide goods or services to a customer. B) arrange for the principal to provide goods or services to a customer. C) develop and maintain goodwill of the principal's customers. D) collect payment from the customer and remit it to the principal.
A company purchased 200 units for $30 each on January 31. It purchased 220 units for $33 each on February 28. It sold a total of 350 units for $45 each from March 1 through December 31. What is the cost of ending inventory on December 31 if the company uses the first-in, first-out (FIFO) inventory costing method? (Assume that the company uses a perpetual inventory system.)
A) $2,310 B) $300 C) $2,100 D) $1,800
After the December 31, 2019 adjusting journal entries have been posted, Sinclair Enterprises has the following account balances (all accounts have normal balances):
What is the net realizable as of December 21, 2019?
A) $158,700
B) $146,000
C) $141,300
D) $149,300