In a statement of cash flows, proceeds from the sale of a company's own bonds or mortgages should be classified as cash inflows from

Which of the following inventory methods is a car dealer most likely to use?

a. FIFO; b. LIFO; c. weighted average; d. specific identification; e. periodic

County Dentists Clinic offers to buy from Dental & Medical Supplies Company a certain quantity of floss and other items for a certain price. Dental & Medical can ac¬cept the offer by

a. a material alteration of the terms within a reasonable time. b. a promise to ship or a prompt shipment of the goods. c. a prompt shipment of the goods only. d. a shipment of nonconforming goods with a notice of accommodation.