List the three types of activities found on the statement of cash flows – in order of presentation.

The purchase of equipment would be classified as what type of activity?

Cash received from the sale of equipment would be what type of activity?

Stock that gives preferential rights to stockholders is called

The amount of stock authorized to be issued by a corporation is listed where?

What is a major disadvantage of the corporate form of business?

When a new partner is admitted to a partnership, there should be a

The final step in the liquidation of a partnership is 

The changes in partner capital accounts for a period of time are reported in what financial statement?

Johnson Co. issued a $50,000, 60-day, discounted note to National Bank. The discounted rate is 6%.  At maturity, assuming a 360-day year, the borrow will pay how much to the bank?