Which of the following represents an inflow of cash and therefore would be reported on the statement of cashflows?
a. retirement of bond payable
b. acquisition of treasury stock
c. declaration of stock dividends
d. issuance of long-term debt
d
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The annual report contains four basic financial statements: the income statement, the balance sheet, the cash flow statement, and statement of stockholders' equity.
Answer the following statement true (T) or false (F)
This is another word for a positive correlation:
a.Inverse correlation b.Negative correlation c.Strong correlation d.Direct correlation
Perry Company acquires 100% of the stock of Hurley Corporation on January 1, 2017, for $3,800 cash. As of that date Hurley has the following trial balance: Debit CreditCash$500 Accounts receivable 600 Inventory 800 Buildings (net) (5 year life) 1,500 Equipment (net) (2 year life) 1,000 Land 900 Accounts payable $400 Long-term liabilities (due 12/31/20) 1,800 Common stock 1,000 Additional paid-in capital 600 Retained earnings 1,500 Total$5,300 $5,300 ??Net income and dividends reported by Hurley for 2017 and 2018 follow:? 20172018Net income$100 $120 Dividents 30 40 ??The fair value of Hurley's net assets that differ from their book values are listed
below:? Fair ValueBuildings$1,200 Equipment 1,250 Land 1,300 Long-term liabilities 1,700 ? ?Any excess of consideration transferred over fair value of net assets acquired is considered goodwill with an indefinite life .?Compute the amount of Hurley's long-term liabilities that would be reported in a December 31, 2017, consolidated balance sheet. A. $1,800. B. $3,500. C. $1,700. D. $1,725. E. $1,675.
Each section of a SQL command that begins with a keyword is known as a statement
a. True b. False Indicate whether the statement is true or false