Dingo Boot Company Uses the Direct Method to Prepare Its

question 43

Multiple Choice

Dingo Boot Company uses the direct method to prepare its statement of cash flows.The company had the following cash flows during 2014:

-See information regarding Dingo Boot Company above.The net cash provided by (used in) all activities is

• A) $580,000.
• B) $410,000.
• C) $380,000.
• D) $(60,000).

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Definitions:

Usage Of Trade

Usage of trade refers to the regular practices and methods of dealing in a certain business or trade, which can be considered in interpreting contracts.

Unconscionability

A legal principle related to contracts that are so one-sided or unfair to one of the parties that they are considered voidable.

Unconscionability

A contract term that is so unjust or overwhelmingly one-sided in favor of the party who has the superior bargaining power.

Contract Negotiating Procedures

The systematic steps and methods used during the process of reaching an agreement on contractual terms.