On June 28, 2001, a business sold for $1,500 a plant asset that cost $5,000. The asset had a 5-year service life, no salvage value, and had been used by the business since January 1, 1998. Straight-line depreciation was used. The fiscal year ends on December 31. What will be the result of selling the plant asset?

You own 100 shares of ABC Corp. and DEF Inc. ABC announces a 3 for 1 stock split, whereas DEF announces a 50% stock dividend. After receiving the new shares you will have:

You plan to buy a common stock and hold it for one year. You expect to receive both $1.50 in dividends and $26 from the sale of stock at the end of the year. If you wanted to earn a 15% return, the maximum price you would pay for the stock today is:

An analysis of noncash accounts disclosed the following:
a. Machinery was purchased for $4,500 cash.
b. $10,000 was borrowed on a long-term note.
c. 1,000 shares of common stock were issued at $5 each.
d. Cash dividends of $2,000 were declared and paid.
e. An investment was sold for $23,000.
f. $50,000 of bonds was retired at maturity.
The net cash provided by (or used in) financing activities was which of the following?

In a statement of cash flows, the acquisition of land by issuing capital stock: