The automatic perfection rule applies only to a purchase money security interest in consumer

PAP coverage A, which includes Property Damage Liability, provides coverage to reimburse you if your automobile is damaged

Indicate whether the statement is true or false

Consider the above statement of cash flows. In 2008, AOS Industries had contemplated buying a new warehouse for $3 million, the cost of which would be depreciated over 10 years

If AOS Industries has a tax rate of 25%, what would be the impact for the amount of cash held by AOS at the end of the 2008? A) It would have $3,000,000 less cash at the end of 2008. B) It would have $2,925,000 less cash at the end of 2008. C) It would have $1,500,000 less cash at the end of 2008. D) It would have an additional $7,500,000 in cash at the end of 2008. AOS Industries Statement of Cash Flows for 2008 Operating activities Net Income 3.2 Depreciation and amortization 1.4 Cash effect of changes in Accounts receivable -2.1 Accounts payable 1.1 Inventory -0.8 Cash from operating activities 2.8 Investment activities Capital expenditures -2.2 Acquisitions and other investing activity -0.4 Cash from investing activities -2.6 Financing activities Dividends paid -1.5 Sale or purchase of stock 2.1 Increase in short-term borrowing 1.4 Increase in long-term borrowing 3.2 Cash from financing activities 5.2 Change in Cash and Cash Equivalents 5.4