When preparing a statement of cash flows on the indirect method, which of the following is correct? Select one:
a. Proceeds from the sale of equipment should be added to net income in the operating activities section.
b. A loss on the sale of land should be added to net income in the operating activities section.
c. The declaration of a cash dividend should be a use of cash in the financing activities section.
d. The issuance of a stock dividend should be a use of cash in the financing activities section.
e. 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.
and why explain

Self-interest achieve society’s economic goals because producers know which goods consumers want the most. as consumers and producers exercise their freedom to act in their own self-interest, markets will produce the desired goods at the lowest possible cost. consumers and producers both operate based on society’s economic goals. consumers know which goods can be produced at the lowest cost. there is a wide variety of desired goods and services in a market system because producers determine what to produce. consumers change their minds frequently. there is always a need to produce something new and improved. individual wants are diverse. what is produced is ultimately determined by consumers, because if the goods offered are not what consumers want, consumers will not buy them. producers, because they are driven by profits. producers, because they determine what to produce. consumers, because they participate in marketing surveys.

Suppose a holiday inn hotel has annual fixed costs applicable to its rooms of $1.2 million for its 300-room hotel, average daily room rents of $50, and average variable costs of $10 for each room rented. it operates 365 days per year. the amount of operating income on rooms, assuming an occupancy* rate of 80% for the year, that will be generated for the entire year is *occupancy = % of rooms rented

Arestaurant that creates a new type of sandwich is using (blank) as a method of competition.