Diaz Company had the following comparative balance sheet information at the end of Year 2 and Year 1: Diaz Company Comparative Balance Sheets Year 2 Year 1 Cash $30,000 $28,000 Accounts receivable 48,000 50,000 Inventory 158,000 156,000 Prepaid insurance 10,000 8,000 Property, plant and equipment 70,000 60,000 Accumulated depreciation (14,000) (10,000) Total $302,000 $292,000 Accounts payable $14,000 $18,000 Bonds payable 90,000 120,000 Common stock 140,000 120,000 Retained earnings 58,000 34,000 Total $302,000 $292,000 Diaz reported net income for Year 2 of $40,000. No property, plant, and equipment were disposed of during the year. Diaz uses
the indirect method to prepare the statement of cash flows. Calculate Diaz's cash flow from investing activities for Year 2.
What will be an ideal response?
| Purchase equipment | $ | 10,000 | ||||
| Cash flow used in investing activities | $ | (10,000 | ) |
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The characteristics below apply to at least one of the forms of business organization.a. Is a separate legal entity.b. Is allowed to be owned by one person only.c. Owner or owners are personally liable for debts of the business.d. Is a separately taxable entity.e. Is a business entity.f. May have a contract specifying the division of profits among the owners.g. Has an unlimited lifeUse the following format to indicate (with a "yes" or "no") whether or not a characteristic applies to each type of business organization.?ProprietorshipPartnershipCorporationLLCa.????b.????c.????d.????e.????f.????g.????
What will be an ideal response?
What is the purpose of a stress interview?
The president of NuBuild Corp., acting as the corporation's ________, attended the inauguration of a customer's new office complex.
A. figurehead B. leader C. spokesperson D. resource allocator E. liaison
A partnership can begin with:
a. an implied agreement that can be inferred from the conduct of the parties doing business b. a written agreement c. an oral agreement d. a written agreement or an oral agreement only e. a written agreement or an oral agreement or an implied agreement that can be inferred from the conduct of the parties doing business