Question and answer
A statement of cash flow’s purpose is to A. show the revenue earned. B. show the profits that were generated. C. show the expenses that were incurred. D. show how cash was generated and used during an accounting period.
The purpose of a cash flow statement is to show how cash was generated and used during a period.
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Question|Asked by sheaemi
Asked 5/4/2015 8:29:15 PM
Updated 5/5/2015 5:51:29 AM
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This answer has been confirmed as correct and helpful.
Confirmed by debnjerry [5/5/2015 5:51:29 AM]
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Questions asked by sheaemi
Treasury Stock is which type of account? A. Stockholders’ equity B. Liability C. Asset D. Contra-stockholders’ equity
Question|Asked by sheaemi
Not Answered
Updated 12/27/2017 9:19:14 AM
1 Answer/Comment
Treasury Stock is a Contra-stockholders equity.
Added 12/27/2017 9:19:14 AM
This answer has been confirmed as correct and helpful.
Confirmed by yumdrea [12/27/2017 9:35:16 AM]
A bond is issued for less than its face value.
Weegy: A bond is issued for less than its face value. TRUE (More)
Question|Asked by sheaemi
Expert Answered
Updated 5/5/2015 3:46:54 AM
1 Answer/Comment
A bond issued for less than its face value is a discount bond.
Added 5/5/2015 3:46:52 AM
This answer has been confirmed as correct and helpful.
A $1,000 bond quoted at 104 would sell for
Question|Asked by sheaemi
Not Answered
Updated 5/5/2015 5:49:26 AM
1 Answer/Comment
A $1,000 bond quoted at 104 would sell for 104%*1,000.
104% * 1,000 = 1.04 * 1,0000 = $1.040
Added 5/5/2015 5:49:26 AM
This answer has been confirmed as correct and helpful.
The entry to record the distribution of the stock dividend would include A. a credit to Common Stock. B. a debit to Common Stock Distributable. C. Both a and b D. None of the above
Question|Asked by sheaemi
Updated 8/1/2016 7:27:49 AM
1 Answer/Comment
The entry to record the distribution of the stock dividend would include a debit to Common Stock Distributable.
Added 8/1/2016 7:27:49 AM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [8/1/2016 8:12:38 AM]
In the dividend process, the liability Dividend Payable is recognized on the date of A. declaration. B. record. C. payment. D. stock issue.
Question|Asked by sheaemi
Not Answered
Updated 5/5/2015 6:04:03 AM
1 Answer/Comment
In the dividend process, the liability Dividend Payable is recognized on the date of declaration.
Added 5/5/2015 6:04:03 AM
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