Megan Corporation's net income last year was $98,000. Changes in the company's balance sheet accounts for the year appear below: Increases(Decreases)Asset and Contra-Asset Accounts: Cash and cash equivalents$(3,000)Accounts receivable$(14,000)Inventory$3,000 Prepaid expenses$(7,000)Long-term investments$80,000 Property, plant, and equipment$55,000 Accumulated depreciation$58,000 Liability and Equity Accounts: Accounts payable$0 Accrued liabilities$15,000 Income taxes payable$(11,000)Bonds payable$(30,000)Common stock$20,000 Retained earnings$62,000 ?The company paid a cash dividend of $36,000 and it did not dispose of any long-term investments or property, plant, and equipment. The company did not issue any bonds payable or repurchase any of its own common stock. The
following questions pertain to the company's statement of cash flows.The net cash provided by (used in) operating activities last year was:
A. $156,000
B. $98,000
C. $178,000
D. $120,000
Answer: C
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Firms that serve small segments not being pursued by other firms are called ________
A) market followers B) market mavens C) market challengers D) market nichers E) market leaders
For the current year, Southern Cross Company reported income tax expense of $45,000 . Income taxes payable at the end of the prior year were $20,000 and at the end of the current year were $27,000 . The deferred tax liability classified as noncurrent that resulted from the use of MACRS for tax purposes and straight-line depreciation for financial reporting purposes increased from $18,000 at the
beginning of the current year to $23,000 at the end of the current year. How much cash was paid for income taxes during the year? a. $33,000 b. $45,000 c. $38,000 d. $47,000
Discuss some of the key planning considerations of marketing communications
What will be an ideal response?
Quality is the excellence of one's product, and this includes all of the following EXCEPT
A. zero-defects standards. B. lack of defects in the goods of a company. C. attractiveness of a product. D. short-term dependability of the company. E. reliability of the services.