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10 fast Questions 1.Miracle Company purchased treasury stock with a cost of $15,000 during 2012. During the year, the company paid dividends of $20,000 and issued bonds payable for proceeds of $866,000. Cash flows from financing activities for 2012 total (Points : 2) $846,000 net cash inflow. $861,000 net cash […]

1. The stockholders of a corporation have unlimited liability. A. True B. False   2. Which of these is not a major advantage of a corporation? A. Separate legal existence B. Continuous life C. Government regulations D. Transferable ownership rights   3. Which one of the following is a major […]

Helix Company produces several products in its factory, including a karate robe. The company uses a standard cost system to assist in the control of costs. According to the standards that have been set for the robes, the factory should work 780 direct labor-hours each month and produce 1,950 robes. […]

The following information is available for Carter Corporation for 2012: 1) Materials inventory decreased $4,000 during 2012. 2) Materials inventory on December The following information is available for Carter Corporation for 2012: 1) Materials inventory decreased $4,000 during 2012. 2) Materials inventory on December 31, 2012, was 50% of materials […]