The following transactions occurred last year at Jolly Corporation:??Issuance of shares of the company's own common stock$120,000Dividends paid to the company's own shareholders$1,000Sale of long-term investment$7,000Interest paid to lenders$13,000Retirement of the company's own bonds payable$60,000Proceeds from sale of the company's used equipment$8,000Purchase of property$170,000Based solely on the above information, the net cash provided by (used in) financing activities for the year on the statement of cash flows would be:
A. $(109,000)
B. $179,000
C. $59,000
D. $46,000
Answer: C
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Which of the following would not be included on a payroll record?
a. The employees' gross earnings. b. Amounts withheld from the employees' earnings. c. Which jobs should be charged for the employees' time. d. The amount of overtime paid to the employees.
Choose the appropriate letter to match the terms to the blanks below to complete the relevant equation for each financial statement.FINANCIAL STATEMENT EQUATIONBalance Sheet_____=_____+_____??????????????Income Statement_____=_____-_____??????????????Statement of Retained Earnings_____=_____+_____-_____????????????Statement of Cash Flows_____=_____+_____+_____+_____TERMA. Cash at beginning of yearB. Net cash flow from operating activitiesC. Balance of retained earnings from previous yearD. Net cash flow from investing activitiesE. LiabilitiesF. Net cash flow from financing activitiesG. Balance of retained earnings at end of year H. Net income I. RevenueJ. AssetsK. Stockholders' equityL. ExpensesM. Cash at
end of yearN. Dividends paid What will be an ideal response?
If Jim, Ken, and Lee each deposit 10,000 bushels of wheat in a grain elevator, they would own one-third of the mixture by:
a. accession. b. adverse possession. c. prescription. d. confusion.
Alejandro hires Leona as a new sales coordinator at Rainproof Outdoor Gear after the previous coordinator quit unexpectedly. After she completes orientation, Alejandro needs Leona to quickly plan an upcoming sales meeting for all of the company's field sales representatives, who will be gathering at the office in a week to go over the new product line. Despite the fact that her predecessor did little planning for the meeting before she left, Leona wants to make a good impression and begins to prepare the meeting even though she has never planned one before. Three days before the meeting, Alejandro observes Leona in a conference room pacing back and forth and wearing a slightly dazed expression as she shuffles papers around on the table. It is obvious to Alejandro that she is trying to
block out meeting rooms for each sales representative group, determine the duration of each presentation, and figure out what kinds of audio-visual equipment will be needed in each room. When he asks if she needs help, Leona smiles and says, "Nope! I've got it all under control." However, Alejandro can tell she is struggling to get things right. Based on what you know about the different types of work hindrance stressors, what should Alejandro do? A. step in and plan the meeting himself to ensure that things go smoothly and productivity is not compromised B. explain to Leona the basic requirements for the meetings and provide her with the expected times and locations needed for each group presentation C. avoid interfering and let Leona continue to struggle her way through the task so that she profits from learning by doing D. take Leona off the project and give it someone with more experience in planning meetings, allowing Leona to observe and take notes E. hire a temp to cover Leona's regular duties so that she has more time to devote to planning the meetings