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Indicate whether the statement is true or false
TRUE
Business
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Which of the following is classified as an investing activity on a statement of cash flows?
A) purchase of land B) issuance of serial bonds C) purchase of insurance policy D) purchase of treasury stock
Business
National Corporation was organized on January 1 and issued 600,000 shares of common stock on that date. On July 1, an additional 200,000 shares were issued for cash
Net income for the year was $3,675,000. Net earnings per share amounted to: A. $5.25. B. $6.13. C. $4.59. D. $9.19.
Business