A company is liable for damages that their employees commit in the course of their work
Indicate whether the statement is true or false
TRUE
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State the section(s) of the statement of cash flows prepared by the indirect method (operating activities, investingactivities, financing activities, or not reported) and the amount that would be reported for each of the followingtransactions: (a)
Received $120,000 from the sale of land costing $70,000. (b) Purchased investments for $75,000. (c) Declared $35,000 cash dividends on stock. $5,000 dividends were payable at the beginningof the year, and $6,000 were payable at the end of the year. (d) Acquired equipment for $64,000 cash. (e) Declared and issued 100 shares of $20 par common stock as a stock dividend, when themarket price of the stock was $32 a share. (f) Recognized depreciation for the year, $37,000. (g) Issued 85,000 shares of $10 par common stock for $25 a share, receiving cash. (h) Issued $500,000 of 20-year, 10% bonds payable at 99. (i) Borrowed $43,000 from Regional Bank, issuing a 5-year, 8% note for that amount.
Which of the following is an example of a split infinitive?
a. I plan to prepare the schedule shortly. b. The owner used to visit the store frequently. c. I plan to briefly summarize the report. d. The city used to have a limited number bus routes.
Wayne owns a 30% interest in the capital and profits of Emerald Company (a calendar year partnership). For tax year 2019, the partnership earned revenue of $900,000 and had operating expenses of $660,000. During the year, Wayne withdrew from the partnership a total of $90,000. He also invested an additional $30,000 in the partnership. For 2019, Wayne’s gross income from the partnership is:
A. $72,000. B. $90,000. C. $132,000. D. $162,000.
Which of the following statements is an effective technique for minimizing theft?
A. Schedule higher inventory levels on weekends. B. Reduce the number of electronic noise activators. C. Install wide-angle and one-way mirrors to observe employee or customer behavior. D. Institute a flatter organizational structure and replace the status quo.