Which of the following is a noncash investing and financing activity?
a. payment of a cash dividend
b. payment of a six-month note payable
c. purchase of merchandise inventory on account
d. issuance of common stock to acquire land
d
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What are the two prevalent reasons--or results--that we strive for when lying?
What will be an ideal response?
Melissa Harrison, a realtor, sells a house to the Smiths. Before the sale is finalized, Mr. Smith asks Melissa for details of repairs the house has undergone over the years
Melissa gives him details of minor repairs but hides all documents regarding a major plumbing defect that was repaired last year. Three months after the Smiths moved in, the defect reappeared flooding the first floor, damaging their expensive carpet and furniture. Melissa is liable for which of the following frauds? A) fraud in the inception B) fraud in the inducement C) fraud by concealment D) fraud in the factum
Madison Corporation sells three products (M, N, and O) in the following sales mix: 3:1:2. Unit price and cost data are: M N OUnit sales price$7 $4 $6Unit variable costs 3 2 3Total fixed costs are $340,000. The break-even point in sales dollars for the current sales mix is (round to the nearest thousand):
A. $289,000. B. $400,000. C. $740,000. D. $629,000. E. $ 20,000.
Which of the following statements about the various kinds of risks and their associated market reward is true??
A. ?Liquidity risk is a market risk, hence not rewarded by the market. B. ?Default risk is a firm-specific risk, hence rewarded by the market. C. ?Exchange rate risk is a diversifiable risk, hence not rewarded by the market. D. ?Inflation risk is an unsystematic risk, hence not rewarded by the market. E. ?Interest rate risk is a systematic risk, hence rewarded by the market.