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NEW QUESTION: 1

A. Option B
B. Option C
C. Option D
D. Option A
Answer: A

NEW QUESTION: 2
A company with outstanding bonds of $100,000 retires the debt early by buying back the bonds at
$ 83,000. The impact on the cash flow statement, assuming the indirect method is used, would be:
A. a cash outflow of $83,000 under cash flows from financing and a deduction of $17,000 under cash flows from operations.
B. a cash inflow of $83,000 under cash flows from financing and a cash inflow of $17,000 under cash flows from operations.
C. a cash outflow of $83,000 under investing cash flows and a deduction of $17,000 under cash flows from investing.
Answer: A
Explanation:
Since a gain of $17,000 would be recognized on the income statement, it must be subtracted from cash flows from operations to zero out the effect. The entire cash outflow of $83,000 would be reported as a cash outflow from financing.

NEW QUESTION: 3
M3 growth refers to ........
A. Growth in demand for money
B. Growth in GDP
C. Growth in money supply
D. Growth in inflation
Answer: C

NEW QUESTION: 4
Sara, a security manager, has decided to force expiration of all company passwords by the close of business day. Which of the following BEST supports this reasoning?
A. A recent security breach in which passwords were cracked.
B. Enforcement of password complexity requirements.
C. Implementation of account lockout procedures.
D. Implementation of configuration management processes.
Answer: A

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