Northbrook Corporation is preparing a statement of cash flows. The following transactions occurred during the year: 1. Sold machinery for $9,000 cash. 2. Purchased a building for $80,000 cash. 3. Issued $70,000 worth of stock to acquire an airplane. 4. Converted long-term bonds by issuing $100,000 worth of stock. 5. Declared and paid a $10,000 cash dividend. Transaction 3 would be found on the
statement of cash flows in the
A) cash flows from operating activities section.
B) cash flows from financing activities section.
C) noncash investing and financing transactions section.
D) cash flows from investing activities section.
C
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According to the brand asset valuator model, which of the components of brand equity measures the breadth of a brand's appeal?
A) differentiation B) relevance C) esteem D) knowledge E) value
The Equal Employment Opportunity Commission (EEOC) has interpreted Title VII of the Civil Rights Act of 1964 to include intentional acts of discrimination, but not acts that merely have discriminatory impact.
Answer the following statement true (T) or false (F)
Brussels Products began its Belgian operations on January 1.The following is the journal entry for the issuance, to producing departments of raw materials costing €20,000:
a. Work-in-Process Inventory. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,000 Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . 20,000 b. Work-in-Process Inventory. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,000 Finished Goods Inventory . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,000 c. Finished Goods Inventory. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,000 Raw Materials Inventory . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,000 d. Work-in-Process Inventory. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,000 Raw Materials Inventory . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,000 e. Raw Materials Inventory. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,000 Work-in-Process Inventory . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,000
A company records the following journal entry: debit Cash $1,470, debit Sales Discounts $30, and credit Accounts Receivable $1,500. This means that a customer has taken what percentage cash discount for early payment?
A. 10% B. 5% C. 2% D. 15% E. 1%