Which of the following is not considered a financing activity when preparing the statement of cash flows?
A) issuance of common stock
B) redemption of bonds payable
C) payment of dividends
D) payments on notes receivable
Answer: D
Business
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Explain what a direct writer company is. Explain what the independent agency system is
What will be an ideal response?
Business
Which of the following accounts properly would not appear in the General Fund's closing entry at fiscal year end?
a. revenues b. fund balance c. taxes receivable d. expenditures
Business