Selected accounting information regarding the Chime Corporation in 2016 follows: Net cash provided by operating activities $900,000 Common stock issued as a result of a stock dividend (fair value) 100,000 Common stock issued for cash 400,000 Proceeds from sale of building 300,000 ? In 2016, Chime should report a net increase in cash of
A) $1,100,000.
B) $1,200,000.
C) $1,600,000.
D) $1,700,000.
C
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Answer the following statements true (T) or false (F)
1. Personality is at the center of Gardenswartz and Rowe's diversity wheel. 2. On Gardenswartz and Rowe's diversity wheel, internal dimensions of diversity include gender, age, and race. 3. On Gardenswartz and Rowe's diversity wheel, biographical dimensions of diversity consist of the personal characteristics that people acquire, discard, or modify throughout their lives. 4. Individuals have some ability to control their external dimensions of diversity.
Fixed budgets are also known as flexible budgets.
Answer the following statement true (T) or false (F)
Hark, CPA, failed to follow generally accepted auditing standards in auditing Long Corp.'s financial statements. Long's management had told Hark that the audited statements would be submitted to several banks to obtain financing. Relying on the statements, Third Bank gave Long a loan. Long defaulted on the loan. In a jurisdiction applying the Ultramares doctrine, if Third sues Hark, Hark will
A. Win because there was no privity of contract between Hark and Third. B. Lose because Hark knew that banks would be relying on the financial statements. C. Win because there was contributory negligence on the part of Third in granting the loan. D. Lose because Hark was negligent in performing the audit.
Identify an output of an information system
a. Data c. Processes b. Databases d. Analyzed facts