A company issued common stock for cash. Indicate which section, if any, the above transaction would appear in, or relate to, on a statement of cash flows.
A. Operating activities section
B. Does not represent a cash flow
C. Investing activities section
D. Financing activities section
Answer: D. Financing activities section
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All of the following lead to more rapid economic growth EXCEPT
A) restricting international trade. B) encouraging higher rates of saving. C) supporting more research and development. D) encouraging higher quality education.
According to the quantity theory of money, if an economy produces 100 units of output and has a money supply equal to $500, then if the money supply doubles while velocity remains constant, the new price level will:
a. fall to half its initial level. b. fall, but it will not fall all the way to half its initial level. c. increase, but it will not double. d. double. e. more than double.
What does a vertical Phillips curve in the long run imply? a. In the long run, the rate of unemployment will converge toward zero. b. Higher inflation does not permanently reduce the rate of unemployment. c. Higher inflation increases the rate of unemployment
d. Higher inflation lowers the rate of unemployment.
A monopolist that is making a profit is producing where which of the following occurs?
A. P = MC. B. P = AC. C. MC = AC. D. P > AC.