Use the T-account format to evaluate the transactions affecting the long-term notes payable account.
Kansas Company uses the indirect method to prepare its statement of cash flows. Refer to the following portion of the comparative balance sheet:
Additional information provided by the company includes the following:
During 2019, the company repaid $60,000 of long-term notes payable.
During 2019, the company borrowed $51,000 on a new long-term note payable.
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Tyler maintains a calendar in which he notes various tasks he is required to perform in the future and when they are due. He also keeps information about callbacks he is supposed to make. In addition, he has information about many of his customer's birthdays (so he can send a card). This calendar helps him prepare his to-do lists to get things done in a timely manner. Which of the following terms best describes this calendar?
A. Tickler file B. Activity index C. Duty box D. Engagement file E. Organizer box
Which one of the following could never be considered to be cash equivalents?
a. Common stock issued by a corporation b. Money market funds c. Corporate commercial paper d. U.S. Treasury bills
What is the cost per box of dry fruits if Crabapples sold 4000 boxes of dry fruit during the year? (Round your answer to the nearest cent.)
Crabapples, Inc. purchases and sells boxes of dried fruit. The following information summarizes its
operating activities for the year:
A) $8.00
B) $42.00
C) $32.13
D) $24.13
The new felt-tip pens, multiple-cartridge pens, and quills offered by Ruben Delgado are examples of ________
A) product line filling B) multibranding C) megabranding D) product line inconsistencies E) co-branding