Northbrook Corporation is preparing a statement of cash flows. The following transactions occurred during the year: 1. Sold machinery for $9,000 cash. 2. Purchased a building for $80,000 cash. 3. Issued $70,000 worth of stock to acquire an airplane. 4. Converted long-term bonds by issuing $100,000 worth of stock. 5. Declared and paid a $10,000 cash dividend. Transaction 5 would be found on the
statement of cash flows in the
A) noncash investing and financing transactions section.
B) cash flows from financing activities section.
C) cash flows from operating activities section.
D) cash flows from investing activities section.
B
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Aron, a company manufacturing snack food and soft drinks, replicates its product taste and packaging from Lay's, a market leader in snack food industry. Later, it sells these imitated products on the black market. This is an example of ________
A) cloning B) imitating C) counterfeiting D) adapting E) innovating
Explain the concept of procedural justice and its importance to ethical and moral leadership.
What will be an ideal response?
Assume the indirect method is used to compute net cash flows from operating activities. For this item extracted from the financial statements—Decrease in Accounts Payable—indicate the effect on net income in arriving at net cash flows from operating activities by choosing one of the following:
a. Add to net income to arrive at net cash flows from operating activities b. Subtract from net income to arrive at net cash flows from operating activities c. Not used to adjust net income to calculate net cash flows from operating activities
The investments category on the balance sheet normally includes investments that are intended to be held for a long period of time
Indicate whether the statement is true or false