Arkansas corp. is preparing its statement of cash flows using the indirect method. it provides the following information about transactions for the year: plant assets, netlong dashbeginning balance: $ 113 comma 000 plant assets, netlong dashending balance: $ 147 comma 000 equipment was purchased for $ 63 comma 000 with cash. equipment with a net asset value of $12,000 was sold for $ 19 comma 000. depreciation expense of $ 15 comma 000 was recorded during the year. what was the amount of net cash provided by (used for) investing activities? a. $(38 comma 000) b. $(59 comma 000) c. $(44 comma 000) d. $ 44 comma 000

Which of the following statements is true? a job costing system will have a separate work in process account for each of the major processes. a process costing system will have a single work in process account. a process costing system will have a separate raw materials account for each of the major processes. a process costing system will have a separate work in process account for each of the major processes.

After the 2008 recession, the amount of reserves in the us banking system increased. because of federal reserve actions, required reserves increased from $44 billion to $60 billion. however, banks started holding more reserves than required. by january 2009, banks were holding $900 billion in excess reserves. the federal reserve started paying interest on the excess reserves that the banks held. what possible impact will these unused reserves have on the economy?

Peppy knows a lot about marketing, but not much about the legal or financial aspects of starting a new business. he wants to consult with a lawyer and accountant, but his budget is tight with all of the expenses involved in getting peppy's pizzazzeria up and running. peppy should: trust his basic instincts and try to put it together without the advice of lawyers and accountants. delay talking with a lawyer and accountant until the business has established a positive cash flow for at least one year. immediately hire full-time lawyers and accountants for his staff. consult with a lawyer and accountant even though the budget is tight.