The income statement and a partial balance sheet of Hart Alloy Company for the year ended December 31, 2018 is presented below. Prepare the operating activities section of the statement of cash flows using the direct method. Accrued Liabilities relate to miscellaneous operating expenses.
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Use the following information to answer the question below. When Langston Corporation was formed on January 1, 20x5, the corporate charter provided for 100,000 shares of $10 par value common stock. The following transactions were among those engaged in by the corporation during its first month of operation: 1. The corporation issued 400 shares of stock to its lawyer in full payment of the $10,000
bill for assisting the company in drawing up its articles of incorporation and filing the proper papers with the state agency. 2. The company issued 16,000 shares of stock at a price of $50 per share. 3. The company issued 14,000 shares of stock in exchange for equipment that had a fair market value of $320,000. The entry to record transaction 2 is A) Cash 800,000 Common Stock 800,000 B) Cash 800,000 Common Stock 160,000Additional Paid-in Capital 640,000 C) Cash 160,000 Additional Paid-in Capital 640,000Common Stock 800,000 D) Cash 160,000 Common Stock 160,000
Which of the following is in place when a manufacturer makes use of more than one type of channel?
A) multichannel distribution system B) intermediation C) third-party logistics D) supply chain management E) vertical marketing system
The goal of advertising is to generate media mentions and word-of-mouth
Indicate whether the statement is true or false
Machinery that was purchased for $60,000 has an estimated residual value of $15,000 . Its depreciable cost is
a. $45,000. b. $60,000. c. $75,000. d. impossible to determine from the information provided.