Land costing $140,000 was sold for $173,000 cash. The gain on the sale was reported on the income statement asother income. On the statement of cash flows, what amount should be reported as an investing activity from thesale of land?
a. $173,000
b. $140,000
c. $313,000
d. $33,000
a
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The risk of material misstatement refers to which of the following?
a. Inherent risk. b. Control risk and acceptable audit risk. c. The combination of inherent risk and control risk. d. Inherent risk and audit risk.
________ is less expensive, faster, and more flexible than other methods of data collection
A) Mail surveying B) Telephone surveying C) The mall intercept D) The focus group E) Online data collection
During an employment interview, the interviewer asks you the question, "If you could change one event in the world, what would it be?" This is an example of a _____ question
A. standard interview B. behavioral interview C. surprise interview D. stress interview
Seedly Corporation's most recent balance sheet reports total assets of $35,000,000 and total liabilities of $17,500,000. Management is considering issuing $5,000,000 of par value bonds (at par) with a maturity date of ten years and a contract rate of 7%. What effect, if any, would issuing the bonds have on the company's debt-to-equity ratio?
A. Issuing the bonds would cause the firm's debt-to-equity ratio to worsen from .5 to .8. B. Issuing the bonds would cause the firm's debt-to-equity ratio to improve from .5 to .8. C. Issuing the bonds would cause the firm's debt-to-equity ratio to worsen from 1.0 to 1.3. D. Issuing the bonds would cause the firm's debt-to-equity ratio to remain unchanged. E. Issuing the bonds would cause the firm's debt-to-equity ratio to improve from 1.0 to 1.3.