Additional data related to 2017 are as follows. 1. Cash dividends paid were $5,100. 2. Equipment that had cost $10,900 and was 40% depreciated at time of disposal was sold for $2,100. 3. On January 1, 2017, the building was completely destroyed by a flood. Insurance proceeds on the building were $31,800. 4. A long-term note for $21,400 was issued for the acquisition of equipment. 5. $15,300 of the long-term note payable was paid by issuing common stock. 6. Investments (available-for-sale) were sold at $1,600 above their cost. The company has made similar sales and investments in the past. 7. Interest of $2,100 and income taxes of $6,400 were paid in cash. 8. Cash was paid for the acquisition of equipment. Prepare a statement of cash flows using the indirect method.

What is an example of a good stock to buy during economic expansion? a) cyclical stock b) defensive stock c) income stock d) bond

Diversity is an obstacle all marketers face: true false

Insurance companies have internal controls in place to protect assets, monitor the accuracy of accounting records and encourage operational efficiencies and adherence to policies. these internal controls are generally of two types: administrative controls and accounting controls. administrative controls are the policies and procedures that guide the daily actions of employees. accounting controls are the policies and procedures that delineate authorizations of financial transactions that are done, safeguard assets, and provide reports on the company’s financial status in a reliable and timely manner. internal controls should include both preventative and detective controls. the purpose of preventative controls is to stop problems and errors before they occur. detective controls identify problems after they have occurred. preventative controls are usually more effective at reducing problems, but they also tend to be more expensive. internal controls must be flexible to adjust for changes in laws and regulations in addition to adding new products or modifying current ones. companies must also do regular analyses to ensure that the benefits of implementing the controls are worth their costs. when concerned about paying unwarranted insurance claims which type of control would be useful?