The Following Information Has Been Taken from the Consolidation Worksheet

question 79

Multiple Choice

The following information has been taken from the consolidation worksheet of Graham Company and its 80% owned subsidiary, Stage Company.(1.) Graham reports a loss on sale of land (to an outside party) of $5,000. The land cost Graham $20,000.(2.) Noncontrolling interest in Stage's net income was $30,000.(3.) Graham paid dividends of $15,000.(4.) Stage paid dividends of $10,000.(5.) Excess acquisition-date fair value over book value amortization was $6,000.(6.) Consolidated accounts receivable decreased by $8,000.(7.) Consolidated accounts payable decreased by $7,000.Using the indirect method, where does the decrease in accounts receivable appear in a consolidated statement of cash flows?

• A) $8,000 increase to net income as an operating activity.
• B) $8,000 decrease to net income as an operating activity.
• C) $6,400 increase to net income as an operating activity.
• D) $6,400 decrease to net income as an operating activity.
• E) $8,000 increase as an investing activity.

Comprehend the variety of plans offered by Office 365 and their benefits for different users.

Understand Office 365's capabilities for subscription-based service including access to the newest Office suite.

Recognize the benefits of cloud computing in relation to Office 365.

Identify the features of Office 365 that enhance communication and collaboration.

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Definitions:

Interest Rates

The cost of borrowing money or the return on invested capital, usually expressed as a percentage.

Life Insurance Companies

Financial institutions that provide policies to individuals, offering a sum of money to designated beneficiaries upon the policyholder's death in exchange for premiums paid during the policyholder’s lifetime.

Pension Funds

Financial programs that accumulate resources during an employee's working years and pay out retirement benefits upon reaching retirement age.

Short-term Securities

Financial instruments, such as bonds or Treasury bills, that mature or are redeemable within a short period, typically less than one year.