[The Following Information Applies to the Questions Displayed Below

question 2

Multiple Choice

[The following information applies to the questions displayed below.]
An analysis of changes in selected balance sheet accounts of Johnson Corporation shows the following for the current year:
Johnson's income statement for the current year includes a $14,000 loss on disposal of plant assets.All payments and proceeds relating to purchase or sale of plant assets were in cash.
-How should purchases,sales,and depreciation of plant assets be classified in Johnson's statement of cash flows for the current year? (Assume the direct method is used by Johnson. )

• A)Purchases of plant assets are classified as investing activities;sales of plant assets are classified as financing activities;depreciation is classified as an operating activity.
• B)Purchases of plant assets and depreciation are classified as investing activities;sales of plant assets are classified as financing activities.
• C)Purchases and sales of plant assets are classified as investing activities;depreciation does not appear as an operating,financing,or investing activity.
• D)Since plant assets are used to generate income from operations,purchases,sales,and depreciation of plant assets are all classified as operating activities.

Understand how consumer preferences can influence market outcomes related to discrimination.

Analyze the role of human capital in explaining wage differences.

Recognize the difference between labor-market discrimination and pre-labor market discrimination.

Understand the challenges in measuring and understanding the extent of discrimination in labor markets.

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Definitions:

Criticisms

The expression of disapproval based on perceived faults or mistakes.

Arbitration Agreement

A legally binding contract in which two or more parties agree to resolve their disputes through arbitration rather than through litigation in court.

Independent Contractor

An individual or entity that provides services under terms specified in a contract, but is not an employee of the contracting entity.

Building Owners

Individuals or entities that hold legal title to a building, encompassing responsibilities for its maintenance, leasing, and compliance with regulations.