George, Jerry, and Harry are passengers on a flight from Chicago to New York. They injure their legs when their seatbelts do not fasten during take-off
The airline is sued by all three together for injuries caused, and the airline is found to be negligent and is directed by the court to pay damages to the injured parties. Which of the following parties is entitled to recover maximum damages?
A) George, a retired professor who gets a pension of $50,000 a year
B) Jerry, a football player who earns $2 million a year
C) Harry, a chartered accountant who earns $200,000 a year
D) George, Jerry, and Harry
B
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Money borrowed for a mortgage would be a(n) __________ activity
A) investing B) non-cash C) operating D) financing
U.S. GAAP classifies all of the following as investing activities on the statement of cash flows except for
a. cash inflows from selling manufacturing equipment. b. cash outflows from purchasing bonds (intended to be held to maturity) of other entities. c. cash outflows to lender for interest. d. cash inflows from selling a (long-term) portfolio of equity securities of other entities. e. cash outflows from buying manufacturing equipment.