To prepare the statement of cash flows requires analyzing changes in balance sheet accounts during the accounting period. As an outcome of correct double-entry recording of all transactions, the net change in cash will be _____ the net change in all noncash accounts
a. greater than
b. less than
c. equal to
d. greater than or be less than
e. greater than or be equal to
C
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Waltham Corporation was organized on January 2 with 100,000 authorized shares of $10 par value common stock. During the year, Waltham had the following capital transactions: • January 5 -- issued 75,000 shares at $14 per share • December 27 -- purchased 5,000 shares at $11 per share Waltham used the par value method to record the purchase of the treasury shares. What would be the balance in
the paid-in capital from treasury stock account at December 31? a. $0 b. $5,000 c. $15,000 d. $20,000
Reba orders a pair of custom-made cowboy boots, C.O.D. from Home on the Range Western Wear. When the boots arrive, Reba pays the carrier for the boots, then opens the package, only to discover that the boots are the wrong snake skin color and three sizes too big. At this point:
a. she is entitled to inspect the goods after payment (due to the C.O.D. terms) and she can reject the boots because they are nonconforming. b. Reba cannot revoke the acceptance, because the wrong color and size of the boots are not substantial impairments. c. Home on the Range can allege that Reba did not conduct a proper inspection; therefore, though Home on the Range must cure, Reba is obligated to pay for the return of the incorrect boots and the shipment of replacement boots. d. None of the above.
A Gantt chart represents mainly:
A) an immediate identification of predecessor task. B) a record-keeping device used in scheduling activities. C) a general identifier. D) the number of workers directly involved in the project.
The best business opportunities often combine both ________ and ________.
A. extreme luck/chance B. luck/sales skill C. sales/marketing D. internal/external factors