Which of the following is not a liquid asset?
A) Cash in your pocket
B) Money in a savings account
C) Corporate stock you own outright
D) Money in your checking account
Answer: C
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Starfire Telescopes Company uses the indirect method to prepare the statement of cash flows
Refer to the following income statement: Starfire Telescopes Company Income Statement Year Ended December 31, 2017 Sales Revenue $275,000 Interest Revenue 2,600 Total Revenues $277,600 Cost of Goods Sold 135,000 Salary Expense 66,500 Depreciation Expense 32,000 Other Operating Expenses 35,900 Interest Expense 2,400 Income Tax Expense 6,500 Loss on Sale of Plant Assets 2,000 Total Expenses 280,300 Net Loss ($2,700 ) Additional information provided by the company includes the following: Current assets other than cash decreased by $25,000. Current liabilities increased by $3,000. Prepare the operating activities section of the statement of cash flows. What will be an ideal response
Mercosur originated as _____ between Brazil and Argentina in 1988.
a) a common market b) a free trade pact c) a customs union d) an economic union