One characteristic of plant assets is that they are:
A. Natural resources.
B. Current assets.
C. Long-term investments.
D. Intangible.
E. Used in operations.
Answer: E
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On the statement of cash flows prepared by the indirect method, a $50,000 gain on the sale of investments wouldbe
a. deducted from net income in converting the net income reported on the income statement to cash flows fromoperating activities b. added to net income in converting the net income reported on the income statement to cash flows fromoperating activities c. added to dividends declared in converting the dividends declared to the cash flows from financing activitiesrelated to dividends d. deducted from dividends declared in converting the dividends declared to the cash flows from financingactivities related to dividends
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What is usage-rate segmentation? What is the 80/20 principle, and how does it apply to usage-rate segmentation?
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Which of the following types of agency relationships would have to be evidenced by a record to be valid? A) A power of attorney to close on a land transaction
B) A power of attorney to close on the sale of a golf cart for $4,000. C) A power of attorney to sign a six-month lease. D) All of the above must be evidenced by a record for the agent to have authority.