The purchase of new equipment with a note payable is included on the statement of cash flows as a(n)
a. operating activity; b. investing
activity; c. financing activity; d. schedule of noncash investing and
financing activities; e. schedule of cash investing and financing activities
D
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Wilma buys a painting that is to be sold at an auction next week, but she has an unforeseen engagement that requires her to go out of town on the day of the auction. She asks her sister, Sara, to attend the auction and bid for the painting
If the sale is successful, Sara is to claim legal title to the painting until Wilma returns. What kind of trust is created between Wilma and Sara? A) a charitable trust B) a testamentary trust C) a token trust D) a resulting trust
Which of the following is not generally determined by seniority rights under a union contract?
A. Determination of which grievances will be pursued by the union. B. Order of layoffs (last hired, first fired). C. Bumping rights to grant more senior employees the right to lower level jobs during layoffs. D. Allocation of promotions and transfers.
________ is the leading online television and movie distributor.
A. Netflix B. Hulu C. iTunes D. Google Play
In a(n) ___________, the bailor has a legal duty to make a reasonable investigation for defects and inform the bailee if any are known or found A) mutual benefit bailment B) bailment for the sole benefit of the bailee
C) constructive bailment D) gratuitous bailment