Flagler Company purchased $4,000 of merchandise on account. Flagler sold the merchandise to a customer for $7,000 cash. What is the increase in gross margin and the net change in cash flow from operating activities as a result of these transactions? (Consider the effects of both parts of this event.) Gross MarginCash Flow FromOperating ActivitiesA.$7,000 $4,000inflowB.$3,000 $7,000inflowC.$3,000 $7,000outflowD.$4,000 $7,000inflow
A. Option A
B. Option B
C. Option C
D. Option D
Answer: B
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The estate of a debtor includes wages earned after commencement of a Chapter 7 liquidation proceeding
Indicate whether the statement is true or false
If you invest $12,000 today at an interest rate of 10%, how much will you have in 10 years?
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Change to Win counts among its member nationals the
a. Rubber Workers. b. Electrical Workers. c. Carpenters. d. Office Employees.