Which of the following journal entries has an effect on cash provided by (used in) operating activities?
A. Payment of interest on long-term notes payable.
B. Sale of an investment.
C. Bad debts expense.
D. Depreciation expense.
Answer: A
You might also like to view...
Which of the following items appears on the corporate income statement before Income from Continuing Operations?
a. Extraordinary gain b. Loss from sale of a discontinued segment c. Income taxes expense d. Income from operations of a discontinued segment
Novation changes the contractual duties of the substituted party
Indicate whether the statement is true or false
Customer A generates $12,500 (on average) of annual sales for a supplier with a profit margin of 15%. Customer B generates $18,750 (on average) of annual sales for the supplier with a profit margin of 10%. Assume a 7% discount rate and that each customer has an expected lifetime of 5 years. Which customer has a greater customer lifetime value?
a. Customer A b. Customer B c. Customer A and B have roughly equivalent lifetime values d. Cannot be determined from the information given
When preparing the industry analysis section of the business plan, using secondary sources is not appropriate.
Answer the following statement true (T) or false (F)