If land costing $145,000 was sold for $205,000, the $60,000 gain on the sale would be added to net income in theoperating activities section of the statement of cash flows (prepared by the indirect method)
a. True
b. False
Indicate whether the statement is true or false
False
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If the ending inventory balance is understated, net income of the same period
a. will be overstated. b. will be understated. c. will be unaffected. d. cannot be determined from the information.
Which form of finance is concerned with how individuals invest and spend their money?
A. personal finance B. corporate finance C. public finance D. financial markets
In December of 2012, Jones Inc was formed as a corporation. The company plans to start its operations in early January of 2013. They have the following purchases budgeted for the first quarter of 2013: January $600,000 February 500,000 March 300,000 Jones has worked out agreements with its various suppliers to pay for one-fourth of a month's purchases each month, beginning in the month of
purchase, until the purchases are paid in full. No purchases were made prior to January. What are expected total cash disbursements for the first quarter of 2013? A) $425,000 B) $625,000 C) $775,000 D) $350,000
The steps of the consumer decision-making process in order are:
A. need recognition, alternative aggregation, reevaluation, purchase decision, postpurchase behavior B. need positioning, stimulus response reactions, evaluation of alternatives, purchase decision, postpurchase behavior C. need positioning, alternative aggregation and divestment, purchase decision, postpurchase evaluation D. information search, need positioning, evaluation of alternatives, product trial, purchase decision, postpurchase satisfaction E. need recognition, information search, evaluation of alternatives, purchase, and postpurchase evaluation