Analysis of the income statement, balance sheets, and additional information from the accounting records of Gaming Strategies reveals the following items: 1. Collection of notes receivable. 2. Purchase of equipment. 3. Exchange of long-term assets. 4. Decrease in accounts payable. 5. Payment of dividends. 6. Purchase of a patent. 7. Depreciation expense. 8. Decrease in accounts receivable. 9. Issuance of note payable.10. Increase in inventory.Indicate in which section of the statement of cash flows each of these items would be reported: operating activities (indirect method), investing activities, financing activities, or noncash activities.
What will be an ideal response?
1. Investing activities.
2. Investing activities.
3. Noncash activities.
4. Operating activities.
5. Financing activities.
6. Investing activities.
7. Operating activities.
8. Operating activities.
9. Financing activities.
10. Operating activities.
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The discount offered by Glamor Gifts to customers who bought Valentine-themed merchandise the week following Valentine's Day is an example of a ________
A) functional discount B) seasonal discount C) trade discount D) cash discount E) time-based discount
Gains and losses that are neither unusual nor infrequent are reported as:
A. A gain or loss from operation of a discontinued segment. B. Part of continuing operations. C. A prior period adjustment on the statement of retained earnings. D. A gain or loss from disposing of the discontinued segment's net assets. E. A separate line item when computing earnings per share.
Bargaining impasse occurs when:
A. bargaining partners fail to agree on mutually acceptable terms of employment. B. bargaining partners engage in concession bargaining. C. either party to negotiations violates the NLRA. D. a new contract is not agreed upon before the old contract expires.
How can language interfere or enhance communication effectiveness?
What will be an ideal response?