Which of the following would not be included in the operating activities section of a statement of cash flows?
a. Cash inflows from returns on loans (i.e., interest).
b. Cash inflows from returns on equity securities (i.e., dividends).
c. Cash outflows to governments for taxes.
d. Cash outflows to reacquire treasury stock.
Ans: d. Cash outflows to reacquire treasury stock.
Business
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Where would "Sales Returns and Allowances" be included on a multiple step income statement?
A. As part of Net Sales B. As part of Other Revenues and Gains C. As part of Other Expenses and Losses D. As Operating Expense
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A $5,000 fee that a broker charged for negotiating a three-year second trust deed for $20,000 is
A. usurious. B. voidable. C. illegal. D. legal.
Business