Cash inflows from investing activities would include all of the following except
a. interest collect on notes receivable.
b. proceeds from sale of investments accounted for by the equity method.
c. proceeds from sale of operating assets.
d. proceeds from sale of securities available for sale.
A
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A plant asset cost $27,000 when it was purchased on January 1, 2008. It was depreciated by the straight-line method based on a 9-year life with no salvage value. On June 30, 2015, the asset was discarded with no cash proceeds. What gain or loss should be recognized on the disposal?
A. No gain or loss B. $4,500 loss C. $3,000 gain D. $6,000 loss
Stephanie and John wanted to purchase a high-end sports car. They viewed a commercial for a particular sports car that highlighted the cost, design, and power of the car
After viewing the ad, Stephanie felt that the car's price was acceptable, considering the superior and unique design. John thought that the car was expensive owing to the high power engine installed in it. They used the information in different ways, focusing on issues that that each considered important. Which of the following concepts does this scenario demonstrate? A) selective distortion B) consumer ethnocentrism C) selective retention D) selective attention E) cognitive dissonance