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Answer:
cash flow used by financing activities (92,600)
Explanation:
<u>Financing activities:</u> loan taken and principal payment. It also includes stock transactions.
proceeds from issuance of common stock 151,300
purchase of treasury stock (47,300)
dividends payment (89,800)
redemption of bonds <u> (106,800) </u>
cash flow used by financing activities (92,600)
The land and building transaction represent investing activities. So we ignore them from the calculation.
Answer:
B. A contra liability
Explanation:
A contra liability account is an account that is paired with another liability account and used to reduce the liability in that account. The Discount on Bonds Payable, decreases the Value of Bonds.
Answer:
- yes
- Because the state lottery provides for administrative hearings
Explanation:
The plaintiffs must exhaust their administrative remedies before a court of law would grant them the opportunity to pursue a legal action against the lottery board because it might a breach in communication or administration from the lottery board or the lottery director and the plaintiffs should seek to resolve the issues without having to seek a legal action but through administrative remedies and procedures which more swift in resolving such issues