Approximately how many miles of railroad track are there in the U.S.?
a. 50,000
b. 150,000
c. 250,000
d. 1,000,000
b. 150,000
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The following information was taken from the operating activity section of the 2014 statement of cash flows for Limited Corp: Additions to net income: Change in accounts payable $2,000 Deductions from net income: Change in inventories 8,000 Based on the information provided, which one of the following conclusions is correct?
a. Accounts payable decreased $2,000 in 2014. b. Inventories increased $8,000 in 2014. c. The direct method was used to prepare the operating section of the cash flow statement. d. Cash payments of merchandise exceeded cost of goods sold by $2,000.
Reworking a product is an appraisal cost
Indicate whether the statement is true or false
The remedy of reformation
a. applies only when money damages are inadequate. b. can be used to correct mistakes in the original contract. c. is available only if fraud is involved. d. is a commonly used remedy.
International banks created facilities for sales of short-term, negotiable promissory notes, called ________
A) eurocredits B) euro commercial paper C) euro-MTNs D) euronotes