Answer:
C. Purchase of treasury stock
Explanation:
The purchase of treasury stock results in a change in the stockholder's equity and as such is recognized as a financing activity in the statement of cash flows.
For the other options, amortization expense is a non-cash item and is adjusted for in the net cash flows from operating activities.
Collection of notes receivable is a change in current assets hence it is reported under net cash flows from operating activities.
Sale of equipment is reported under net cash flows from investing activities.
Hence the right option is C. Purchase of treasury stock.
<span>When sending money to foreign countries to aid in relief efforts this money is recorded in the current account. Simply put, the current account is the area that records the balance of the payments use in the US exports, income on investments and transfers, which is what a relief effort payment would be.</span>
Answer:
T-note described in this problem is selling at a price of $876,205.93
Explanation:
The price of the bond can be computed using pv formula in excel as stated thus:
=-pv(rate,nper,pmt,fv)
rate is the semiannual yield which is the annual yield of 7.70% divided by 2
nper is the number of coupons payable by the bond over its three years' tenure given that coupon is paid twice a year i.e 3*2=6
pmt is the semiannual coupon payment=$1,000,000*3%*6/12=$15000
fv is the face value of $1,000,000
=-pv(7.70%/2,6,15000,1000000)=$876,205.93
Answer:
A. Fee Simple Defeasible
Explanation:
Fee Simple Defeasible is a common defective transfer with certain conditions.
Charge is the likelihood of a common defective property being conditioned. Fee Simple Defective is a property where the fee is simple subject to that condition. If the condition is violated or not found, the property will be returned to the original grantor or specified third party.
<span>In most savings accounts, you are only allowed a certain number of withdrawals per period, which is usually a month. Many times, this is limited by law. B would be the correct answer: withdrawing too often will lead to penalties after the limit is reached.</span>