Lincoln Company engaged in this transaction: Retired long-term debt with cash. Indicate which section, if any, the above transaction would appear in, or relate to, on a statement of cash flows
A) Operating activities section.
B) Does not represent a cash flow.
C) Investing activities section.
D) Financing activities section.
D
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Calculate the average percentage cost of goods sold for the top three competitors of a business when the cost advantage index of the business is 120 and the percentage cost of goods sold by the business is 60%
A) 120 B) 53.22 C) 50 D) 80 E) 42
According to the Hersey/Blanchard approach, the key variable considered to determine when the line known as the “demarcation of control” should be crossed is ______.
a. follower needs b. leader style c. leader readiness d. follower readiness
If a company is expected to survive, it is considered a going concern
Indicate whether the statement is true or false
Taylor Inc sells and installs residential water heaters. Its customers pay for their water heaters over four months by paying in equal, monthly installments. The sales price of an installed water heater is $600. Taylor sold and installed the following number of water heaters in the first six months of 2013: January 80 units February 100 units March 70 units April 84 units May 90 units June 75
units Cash receipts for June are expected to be: A) $ 74,850 B) $118,050 C) $ 47,850 D) $191,400