A business issues 20-year bonds payable in exchange for preferred stock. This transaction would be reported on the statement of cash flows in
A) a separate schedule
B) the cash flows from financing activities section
C) the cash flows from investing activities section
D) the cash flows from operating activities section
A
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The following data relate to Gorr Company for the year ended December 31, 2012 . Gorr Company uses the accrual basis. Sales for cash $200,000 Sales for credit 220,000 Cost of inventory sold 180,000 Collections from customers 300,000 Purchases of inventory on credit 190,000 Payment for purchases 180,000 Selling expenses (accrual basis) 50,000 Payment for selling expenses 60,000 Which of the
following represents income for Gorr Company for the year ended December 31, 2010? a. $180,000 b. $185,000 c. $190,000 d. $200,000 e. None of the answers are correct.
Article 81(3 ) provides for an "individual exemption" of an otherwise violation of the Article 81, if the results there are positive economics effects overall
Indicate whether the statement is true or false
If a corporation's earnings rise, then the default risk on its bonds will ________ and the equilibrium interest rate on these bonds will ________
A) increase; decrease B) decrease; decrease C) increase; increase D) decrease; increase
In November, the Universal Solutions Division of Keaffaber Corporation had average operating assets of $480,000 and net operating income of $46,200. The company uses residual income, with a minimum required rate of return of 11%, to evaluate the performance of its divisions. What was the Universal Solutions Division's residual income in November?
A. ($6,600) B. $5,082 C. ($5,082) D. $6,600