Lineberger Corporation had the following information available from its 2011 balance sheet and income statement: Interest expense $68,000 Interest payable - beginning 4,500 Interest payable - ending 8,000 What amount would be reported as cash outflows for interest on the statement of cash flows for 2011 using the direct method?
A) $71,500
B) $80,500
C) $64,500
D) $55,500
C
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MacArthur Company began operations on March 1, 2015 . The corporate charter authorized issuance of 3,000 shares of $2 par value common stock. MacArthur sold all of the stock on March 1 . On May 1, MacArthur repurchased 2,000 of the outstanding shares. On May 14, MacArthur sold 1,200 of the treasury shares. On June 1, MacArthur declared a 2-for-1 stock split. As a result of the split, what
occurred? a. Assets declined. b. Stockholders' equity increased. c. Stockholders' equity decreased. d. Total stockholders' equity stayed the same.
In making a short-run decision, all alternatives need not be considered. Only feasible alternatives are considered
Indicate whether the statement is true or false
I make moral decisions based on my views of what a good society should be like. This good society means I support the values of society like fair procedures for changing laws while recognizing that groups differ and we should agree on these laws. Which stages are in the post-conventional level?
A. maintaining the social order B. interpersonal accord and conformity C. social contract and individual rights D. individualism and exchange
The only requirement involved in communicating useful information is that the information be accurate.
Answer the following statement true (T) or false (F)