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NEW QUESTION: 1
Over a given year, a firm's total assets increased by $8,000 and total liabilities decreased by $6,000. If the firm did not issue any new equity and paid out $1,800 in dividends, then its net income during the year was
________.
A. $3,800
B. $15,800
C. $200
D. $12,200
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Total assets - Total liabilities = Equity. Hence,
Change in Assets - Change in Liabilities = Change in Equity.
Thus, change in equity = 8,000-(-6,000) = $14,000 All of the net income not paid out as dividends goes into increasing the equity. Since no new shares were issued, Net Income = change in equity + dividends paid.
This gives net income = $14,000 + $1,800 = $15,800.

NEW QUESTION: 2
Under what conditions can SmartMigration relocate all services from the source LUN to the target LUN? (Multiple Choice)
A. The target LUN is not mapped to any host.
B. The target LUN is not smaller than the source LUN.
C. The source and target LUNS belong to the same controller.
D. The target LUN has no value-added services.
Answer: A,B,C,D

NEW QUESTION: 3
Which of the following should be classified as financing cash flow?
I). purchase and sale of debt of other entities.
II). purchase and sale of equity securities of other entities.
III). loans to other entities and collection of loans to other entities.
IV). issuance and redemption of debt (bonds and notes).
V. issuance of equity securities and reacquisition of capital stock.
A. IV and V.
B. I, III and IV.
C. all of them.
Answer: A
Explanation:
Purchase of debt and equity securities of other entities (sale of debt or equity securities of other entities), loans to other entities (collection of loans to other entities) are considered investing activities. However, issuance of debt (bonds and notes) and equity securities are financing cash inflows, and payment of dividend, redemption of debt, and reacquisition of capital stock are financing cash outflows.