An appraiser would most likely use a "depth table" when confronted with a valuation problem involving:

In the Statement of Cash Flows, an example of an investing activity would be:

a. Purchasing equipment for cash. b. Buying inventory from a supplier on credit. c. Selling stock to an investor for credit. d. Repaying the principle on a bank loan.

At December 31 year-end, Crain Corporation has an $8,400 note receivable from a customer. Interest of 10% has accrued for 10 months on the note. What will the income statement report in this situation?

A. Nothing because the business has not received cash yet B. Note receivable of $8400 C. Interest revenue of $700 D. Both b and c