When preparing a statement of cash flows using the indirect method, which of the following is correct? Multiple Choice Proceeds from the sale of equipment should be added to net income in the operating activities section. The issuance of a stock dividend should be a use of cash in the financing activities section. A loss on the sale of land should be added to net income in the operating activities section. The declaration of a cash dividend should be a use of cash in the financing activities section. The purchase of land and a building by issuing a long-term note payable should be a source of cash in the financing activities section.

Why should managers invest any excess cash

You are president of a large corporation. at a typical monthly meeting, each of your vice presidents gives standard area reports. in the past, these reports have been good, and the vps seem satisfied about their work. based on situational approach to leadership, which leadership style should you exhibit at the next meeting?

Solomon chemical company makes three products, b7, k6, and x9, which are joint products from the same materials. in a standard batch of 320,000 pounds of raw materials, the company generates 70,000 pounds of b7, 150,000 pounds of k6, and 100,000 pounds of x9. a standard batch costs $3,840,000 to produce. the sales prices per pound are $10, $14, and $20 for b7, k6, and x9, respectively. (a) allocate the joint product cost among the three final products using weight as the allocation base. (b) allocate the joint product cost among the three final products using market value as the allocation base. (c) allocate the joint product cost among the three final products using weight as the allocation base.