Preferred stock issued in exchange for land would be reported in the statement of cash flows in
A) the cash flows from financing activities section
B) the cash flows from investing activities section
C) a separate schedule
D) the cash flows from operating activities section
C
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On March 1, 2016, LeBlanc, Inc. paid $60,000 for office rent covering the three-month period ending May 31, 2016. Journalize the adjusting entry on March 31 by using the alternative treatment of deferred expenses
What will be an ideal response
Industrial Solvents, Inc, averages $15,000 profit per day before deciding to ignore air pollution standards, after which the average is $50,000. Industrial Solvents is subject to a fine of A) $0
B) $15,000 per day. C) $50,000 per day. D) $65,000 total.
Jamie is a shoe designer. She developed a new type of high-heeled shoe at a reasonable price point. It is time to decide how the shoe should be distributed. Jamie knows that the shoe will require adequate service from retailers at the point of purchase. She should use an exclusive distribution strategy.
Answer the following statement true (T) or false (F)
Most of the bonds that are bought and sold are not transacted on the organized exchanges. They are bought and sold through bond dealers who do not sell many ________ bonds but do trade many ________ bonds in the secondary market
A) corporate; government B) government; corporate C) high par value; corporate D) government; low par value E) corporate; firm-specific bonds