In Fordyce Bank v. Bean Timberland, where the bank had a security interest in proceeds from the sale of timber by Bean, the court held that timber buyers had no knowledge of the bank's interest so were not responsible for its loss on the loan to Bean
a. True
b. False
Indicate whether the statement is true or false
True
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Comprehensive income is
a. considered an appropriation of retained earnings when reported in the stockholders' equity section of the balance sheet. b. the result of all events and transactions that affect income during the accounting period that are reported on the income statement. c. reporting all items that are not under management's control on the statement of retained earnings. d. an all-inclusive approach to income that includes transactions that affect stockholders' equity with the exception of those transactions that affect owners.
What are stars according to the BCG growth-share matrix?
What will be an ideal response?
According to the text, unit costs of labor will decrease even though the firm is required to pay more to workers, provided
A. government regulations are eliminated. B. interest rates rise slowly. C. productivity increases fast enough. D. management compensation decreases significantly. E. advertising costs are proportional.
In preparing a company's statement of cash flows for the most recent year, the following information is available: Loss on the sale of equipment$15,500?Purchase of equipment 160,000?Proceeds from the sale of equipment 141,000?Repayment of outstanding bonds 94,500?Purchase of treasury stock 69,500?Issuance of common stock 103,500?Purchase of land 130,000?Increase in accounts receivable during the year 50,500?Decrease in accounts payable during the year 82,500?Payment of cash dividends 42,500?Net cash flows from investing activities for the year were:
A. $243,500 of net cash provided. B. $133,500 of net cash used. C. $149,000 of net cash provided. D. $149,000 of net cash used. E. $282,000 of net cash used.