Cash dividends and treasury stock purchases ________
A) represent cash payments that are made to ensure higher reported profits
B) may be limited by creditors to ensure that the company maintains a minimum level of stockholders' equity
C) may be restricted as a way to lower federal income tax expense
D) make more resources available to pay liabilities
B
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Which of the following is a cash inflow from an operating activity on a statement of cash flows prepared using the direct method?
A) sold treasury stock for cash B) issued common stock C) received interest revenue in cash D) borrowed money on a long-term note
If a company sought to grow by starting new businesses that have no relation to its current technology, products, or markets, the company would be using a market penetration strategy
Indicate whether the statement is true or false