If a bond is sold at a premium, Cash Paid for Interest reported on the Statement of Cash Flows in subsequent years __________.
a. decreases each year
b. increases each year
c. changes every year as the market rate of interest changes
d. stays the same each year
e. none of these are correct
Ans: d. stays the same each year
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Crystal, Inc is a merchandiser of stone ornaments
The company sold 8,000 units during the year. The company has provided the following information: Sales Revenue $593,000 Purchases (excluding Freight In) 304,000 Selling and Administrative Expenses 68,000 Freight In 14,000 Beginning Merchandise Inventory 46,000 Ending Merchandise Inventory 42,000 What is the operating income for the year? (Round your answer to the nearest cent.) A) $203,000 B) $322,000 C) $271,000 D) $525,000
When revising reports and proposals, present your data in a way that
A) requires the reader to read the entire report or proposal. B) incorporates a variety of styles. C) incorporates bullets and lists. D) meets your audience's needs. E) limits the use of transitions.