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Extraordinary items are found on the income statement Select one: O a. After prior period adjustments O b. After discontinued operations. O c. Before discontinued operations. d. Before income from continuing operations
Haven Corporation issued $700,000 of 10-year bonds payable at par in 2014. During 2018 Haven paid $50,000 interest and an additional $233,333 to retire one-third of the bonds at par. These activities would be reported in Havens statement of cash flows for 2018 as: Select one: O a. $233,333 net cash used in financing activities, and $50,000 cash disbursed for operating activities O b. $283,333 net cash used in financing activities. c. $466,667 net cash provided by financing activities, and $50,000 cash disbursed for operating activities. Od. $283,333 net cash provided by financing activities
Question 13 A company failed to make an adjusting entry in the prior year to accrue earned revenue. To correct this they should: Select one: O a. Correct this years statements with a prior period adjustment increasing ending retained earnings. O b. Correct this years statements with a prior period adjustment increasing beginning retained earnings O c. Correct this years statements with a prior period adjustment decreasing beginning retained earnings. Od. Correct last years statement by increasing net income. Not yet answered Marked out of 1 Flag questionc
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