Conway Inc. sold equipment with a book value of $80,000 for a $10,000 gain, sold Conway Inc. common stock for $125,000, repaid a notes payable for $220,000 (this amount includes $20,000 of interest on the notes payable), paid dividends of $45,000, resold treasury stock for $25,000 (the treasury stock was originally purchased for $15,000), and received dividends in the amount of $30,000. The net cash flow from financing activities was:

Powers Corporation had accounts receivable of $110,000 at the beginning the year and $140,000 at the end of the year and accounts payable at the beginning of the year of $40,000 and $45,000 at the end of the year. Cash sales for the year were $350,000 and sales on account for the year amounted to $475,000. The amount to be reported on the statement of cash flows for cash collections from customers under the direct method is:

Plastics have been found in the deepest place on our planet, the Mariana Trench?

Anaerobic organisms require oxygen to survive.

Sweetwater Inc. declares a 40% stock dividend on its 100,000 common shares outstanding. Just prior to the declaration of the dividend Sweetwater Inc.’s common stock had a $4 par value and a $25 market value. What amount of retained earnings should be transferred to the common stock account?

Characteristics of active continental margins include all of the following except:

On January 1, 2020 Paige Corporation issued $4,000,000, 10 year, 12% bonds. The bonds pay interest semi-annually. At the time of issuance the market rate of interest is 8%.  Calculate the issue price of the bond.

Which of the following have we covered Week 1? 

Oceanography is divided into four different academic disciplines or subfields of study. Which one is not mentioned in the textbook?

The shape of Earth’s hypsographic curve can be used to support the existence of plate tectonics.