Which of the following items is included on a statement of cash flows as a noncash exchange?
a. Depreciation
b. Issuance (sale) of common stock
c. Purchase of treasury stock
d. Retirement of long-term debt by issuance of preferred stock
D
You might also like to view...
Savings-and-loan associations suffered losses in the late 1970s when
A. the farm sector of the economy became unprofitable, forcing many farmers into bankruptcy, leading to many bad farm loans. B. inflation rose, causing short-term interest rates to rise. C. oil prices rose sharply, causing S&Ls to lose money invested in the oil sector. D. short-term interest rates fell, causing S&Ls to suffer capital losses on their portfolios of short-term securities.
When an effective graphic is used in a report, there is no need for additional interpretation and analysis of the data
Indicate whether the statement is true or false
How does the First Amendment of the Constitution relate to live adult entertainment?
What will be an ideal response?
Country Bank, located in Indiana, loaned Chmelik $5,000 and obtained a security interest in a copyright Chmelik owns. Chmelik lives in Illinois, but works in Indiana. In order to perfect its interest, Country Bank files a financing statement in Indiana. The financing statement provides Chmelik's correct name, his business address, and a reasonable description of the copyright used as collateral
Is the financing statement sufficient? a. Yes, it meets the UCC requirements for contents and filing. b. No, if the debtor is an individual, the secured party must file in the state of the debtor's principal residence, which in this case would be Illinois. c. No, the contents of the financing statement are incomplete. d. Both b and c are correct.