Answer the Following Questions Using the Information Below

question 21

Multiple Choice

Answer the following questions using the information below:
Southwestern College is planning to hold a fund raising banquet at one of the local country clubs. It has two options for the banquet:

Southwestern College has budgeted $1,800 for administrative and marketing expenses. It plans to hire a band which will cost another $800. Tickets are expected to be $30 per person. Local business supporters will donate any other items required for the event.
-Which option provides the least amount of risk?

• A) Option one
• B) Option two
• C) Both options provide the same amount of risk.
• D) It depends on how many donations it receives.

Distinguish between noncash investing and financing activities and their reporting requirements.

Comprehend the impact of treasury stock transactions and changes in equity on the cash flows.

Understand how amortization of intangible assets affects operating activities in statement of cash flows.

Understand the process of preparing the statement of cash flows using the indirect method.

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Definitions:

Densely Populated

An area characterized by a high concentration of people living in a given spatial or geographical unit.

Great Depression

A severe worldwide economic downturn that took place during the 1930s.

Gender Roles

Socially constructed roles, behaviors, activities, and attributes that a given society considers appropriate for men and women.

Decline In Status

A decrease in the social, economic, or professional position or standing of an individual or group.