Royer Corporation engaged in this transaction: Purchased 60-day commercial paper. Indicate which section, if any, the above transaction would appear in, or relate to, on a statement of cash flows
a. Does not represent a cash flow
b. Operating activities section
c. Financing activities section
d. Investing activities section
A
Business
You might also like to view...
A one-year zero-coupon bond yields 4.0%. The two- and three-year zero-coupon bonds yield 5.0% and 6.0% respectively. The one-year spot rate r(1) = 5% and the forward price for a one-year zero-coupon bond beginning in one year is 0.9346. The spot price of a two-year zero-coupon bond is closest to:
A. 0.87. B. 0.89. C. 0.93.
Business
Which of the following is a characteristic of showroom products?
A) They are frequently purchased. B) They should be made available near their areas of usage. C) They demand special settings to stimulate sales. D) They are inexpensively priced.
Business