Which of the following is not reported on the statement of cash flows:

Strickland Corporation has invested in debt securities. Strickland intends to actively buy and sell this investment for profit. This investment is classified as:

Journalize the necessary entry for each transaction. (Please leave any unnecessary boxes blank.) MB Sports Medicine has 2,000,000, $10 par common shares issued and 500,000 treasury shares as of April 1st. Apr. 1 Declared a 5% stock dividend when the stock’s market value was $50 per share. DATE   Debit Credit 4/1     b. May 1 Issued the stock dividend that was declared on April 1st. DATE   Debit Credit 5/1    

DeRozen Company purchases 1,000 common shares (40%) of Tours of Toronto Incorporated as a long-term investment for $100,000 cash on July 1. Tours of Toronto paid $15,000 in total cash dividends on November 1 and reported net income of $150,000 for the year ended December 31. Prepare DeRozen’s journal entry to record the receipt of its share of Tours of Toronto’s November 1 dividends.

A company’s board of directors votes to declare a cash dividend of $.75 per share of common stock. The company has 15,000 shares authorized, 10,000 issued, and 600 treasury shares. The total amount of the cash dividend is:

In the absence of a partnership agreement, income (and loss) should be allocated:

Investing activities on the statement of cash flows do not include the:

Journalize the necessary entry for each transaction. (Please leave any unnecessary boxes blank.) January 1 Issued 500 shares of $10 par value common stock for $25,000 cash. DATE   Debit Credit 1/1     January 10 Issued 9,000 shares of $10 par value preferred stock for land and a building. The land is valued at 50,000 and the building is valued at $100,000. DATE   Debit Credit 1/10      

The costs to start a corporation, including legal fees, promoters’ fees, and payments for a charter, are called:

Aviation Incorporated has 128,000 shares authorized, 118,000 shares issued and no treasury stock. Determine the number of shares outstanding: