Which of the following is classified as an investing activity on a statement of cash flows?
A) purchase of land
B) issuance of serial bonds
C) purchase of insurance policy
D) purchase of treasury stock
Answer: A
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Prior to acceptance by a seller, a buyer's offer may be revoked:
a. in the event of breach of contract b. provided that the buyer's deposit is retained by the seller c. in the event of the agent's death d. for any reason
Which of the following statements is false about workers' compensation law?
A) When workers' compensation commissions or workers' compensation boards make determinations concerning claims appealed to them, their decisions are final. B) For an injury to be compensable under workers' compensation laws, the claimant must prove that the injury arose out of and in the course of his or her employment. C) Worker compensation benefits are paid according to preset limits established by statute or regulation. D) Many worker's compensation acts include stress as a compensable work-related injury.