Under international accounting standards, cash paid for interest (associated with interest expense) can be shown on the statement of cash flows as an

a. operating activity only.
b. operating activity or a financing activity.
c. operating activity or an investing activity.
d. investing or financing activity.


B

Business

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Vista Company's has 32 days' payable outstanding based on the current year's cost of goods sold of $11,315. What is Vista's balance in accounts payable?

A. $992 B. $950 C. $998 D. $870 E. $975

Business

A business accepts a 12 percent, $94,000 note due in three years. Assuming simple interest, how much will the business receive when the note falls due?

A) $105,280 B) $127,840 C) $116,560 D) $94,000

Business

An investment banker's fees are part of the ____________ associated with issuing new debt or equity.

A) flotation costs B) opportunity costs C) revenues D) benefits

Business

In the landmark case of ____ decided in 1803, the U.S. Supreme Court ruled that it had the power to interpret the Constitution

Fill in the blanks with correct word

Business