The WC Company borrowed $26,500 from a bank during the year. This borrowing would be reported on the statement of cash flows as a(n):
A. investing activity in the amount of $26,500.
B. investing activity in the amount of ($26,500).
C. financing activity in the amount of ($26,500).
D. financing activity in the amount of $26,500.
Answer: D
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In the Level 0 DFD for an AP/CD, a data flow called "receiving report" most likely would be sent by the purchasing process to which of the following processes?
a. order inventory b. receive goods and services c. establish payable d. make payment
Biglersville Corp purchased equipment at the beginning of 2016 for $16,000 . Biglersville Corp decided to depreciate the equipment over a 5-year period using the straight-line method. Biglersville Corp estimated the equipment's residual value at $1,000 . The estimated fair market value at the end of 2016 was $15,000 . Which of the following statements is correct concerning Biglersville Corp's
financial statements at December 31, 2016? a. The book value of the equipment is $30,000. b. The book value of the equipment is $13,000. c. The total accumulated depreciation is $1,000. d. The equipment will be reported on the balance sheet at it fair market value of $15,000.
Which statement is true about standard hour plans?
A. They succeed only for employees who are not motivated by money. B. They encourage employees to work as fast as they can. C. In terms of their pros and cons, they are very different from piecework plans. D. They encourage employees to focus exclusively on customer service. E. They encourage employees to focus mainly on quality.
Give an example from the chapter of a company/organization that benefited from "management walking around."
What will be an ideal response?