Accounts receivable arising from sales to customers amounted to $40,000 and $31,000 at the beginning and end of the year, respectively. Income reported on the income statement for the year was $120,000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is
A) $120,000.
B) $129,000.
C) $151,000.
D) $111,000.
B
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If bonds with a face value of $204,000 are issued at par, the amount of cash proceeds is ________.
A) $203,890 B) $204,000 C) $224,400 D) $244,800
The books of the Speedster Company for the year ended December 31 . 2014, showed pretax income of $295,000 . In computing the taxable income for federal income tax purposes, the following timing differences were taken into account: Depreciation deducted for tax purposes in excess of depreciation recorded on the books ................... $14,500 Income from installment sale reportable for tax
purposes in excess of income recognized on the books .......... 11,500 What should Speedster record as its current federal income tax liability at December 31 . 2014, assuming a corporate income tax rate of 30 percent? a. $80,700 b. $84,700 c. $87,600 d. $89,400
The form of informational market efficiency that states that current market prices of securities reflect all information contained in past price movements is known as the _____.?
A. ?economic efficiency B. ?semistrong-form efficiency C. ?strong-form efficiency D. ?weak-form efficiency E. ?real-time efficiency
A writ of execution applies to a debtor's nonexempt real or personal property wherever located
Indicate whether the statement is true or false