Bram finds a tablet on the counter at Caffe Café. He takes the tablet to a police station. A police officer tells Bram that if the tablet is not claimed by a certain time, Bram can obtain title to it. This is acquiring possession by?
A) an estray statute
B) a bailment.
C) confusion.
D) production.
A
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If net cash flows from operating activities total $115,000, net cash flows from financing activities total $50,000, net cash flows from investing activities total $60,000, purchases of plant assets total $30,000, dividends total $12,000, and sales of plant assets total $17,000, the free cash flow equals
A) $90,000. B) $174,000. C) $116,000. D) $56,000.
The cost of abnormal continuous losses is
a. considered a product cost. b. absorbed by all units in ending inventory and transferred out on an equivalent unit basis. c. written off as a loss on an equivalent unit basis. d. absorbed by all units past the inspection point.
Of the three cost-flow assumptions, when inventory costs have been falling and inventory amounts increasing, LIFO results in balance sheet figures that are _____, cost of goods sold will _____, and _____ reported net income
a. closest to current cost, be out of date, highest b. out of date, closest to current cost, highest c. closest to current cost, be out of date, lowest d. out of date, closest to current cost, lowest e. closest to current cost, closest to current cost, highest
The amount of deposits in transit is included on the bank statement as a(n)
A) deduction from the balance per the company's books B) deduction from the balance per bank statement C) addition to the balance per bank statement D) addition to the balance per company books