Wish Corporation Acquired a Computer for $15,000 and Paid for It

question 141

True/False

Wish Corporation acquired a computer for $15,000 and paid for it in full by issuing 1,000 shares of its own common shares, par $10 (current market price $15 share). This transaction should not be reported on the statement of cash flows because cash was neither paid out nor received.

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Definitions:

Operations Management

A field of management that deals with designing, controlling, and redesigning business operations in the production of goods or services.

Ethical Challenges

Moral dilemmas and issues that arise in the practice of business and professional activities, requiring deliberation and decision-making.

Social Challenges

Issues that affect individuals or communities, related to inequality, health, education, and access to resources, requiring collective action for resolution.

Operations-Related Tasks

Activities and duties associated with managing and improving the processes that produce goods or deliver services in an organization.