Which of the following is a non-cash transaction that should be disclosed in a schedule accompanying the statement of cash flows?
a. Sale of an investment for cash
b. Purchase of a machine for cash
c. Issuance of common stock in exchange for land
d. Declaration and payment of a cash dividend on common stock
C
You might also like to view...
As used in the Uniform Commercial Code (UCC), the concept "reasonable":
A. is a practical standard used to gauge what people really do in the marketplace. B. is a theoretical concept based on the "reasonable person standard" of tort law. C. refers to what a reasonable person would do in the marketplace. D. refers to the capacity to contract.
All of the following are most likely signs of employee depression EXCEPT ________.
A) lack of sleep B) burnout C) poor concentration D) reduced appetite
Review the following diagram. Which answer provides the best interpretation of the multiplicities for the association between the Employees and Production Authorization classes?
A. One employee can authorize production multiple times. B. Each production authorization results in the increase to the quantity on hand of one product. C. Employees manage multiple products. D. The employee records the completion of a job and updates finished goods.
It is likely that particular attention should be paid to cash, accounts receivable, and inventory when forecasting financial failure
Indicate whether the statement is true or false