Using the Indirect Method For the following question(s), indicate how each transaction described would be classified on a statement of cash flows if the operating activities section is prepared under the indirect method. When using the indirect method, where is the issuing of stock for cash shown on the statement of cash flows?
A) Operating activity
B) Investing activity
C) Financing activity
D) Non cash investing and financing activity
C
Business
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Tourism cannot be used to help finance the preservation of attractions and natural areas
a. true b. false
Business
The XYZ Partnership is comprised of three partners. Sam and Earl each own 30% of the capital and profits, and Tim owns 40% of capital and profits. Sam and Earl each use a tax year ending on June 30. Tim's tax year ends September 30. What is the partnership's required tax year end?
A. June 30. B. None of the answers are correct. C. September 30. D. December 31.
Business