Which of the following would be reported in the investing section?
a. Acquiring stock in another company for cash.
b. Receiving interest in cash.
c. Receiving interest on investments in cash.
d. Issuing bonds for cash.
e. None of the answers are correct.
a
You might also like to view...
When using a flexible budget, the variable costs will be the same regardless of the production levels
Indicate whether the statement is true or false
Katherine purchased a pair of earphones from Simon. She realizes that they are defective and brings a strict liability action against Simon. Which of the following statements is true of this scenario?
A) Simon is not liable as he has not entered into any contractual relation with Katherine. B) If Simon has exercised all possible care in sale of the product, he is not liable. C) If Simon is not engaged in the business of selling electronic goods, he is not liable. D) Simon is not liable as he is not the manufacturer of the product.
Which of the following is a remedy that can be obtained from a court of equity?
a. Specific performance b. Money damages c. A maxim d. Stare decisis
Someone who finds abandoned property acquires title to it and that title is good against the whole world, except the original owner.?
Indicate whether the statement is true or false