MGAB01H3 Exam Solutions Fall 2018: Fixed Asset, Pier 1 Imports, Business Ethics
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MGAB01H3 Full Course Notes
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Exam 1 solutions: the correct answer is b) involve the buying or selling of land, buildings, equipment, and other longer-term investments. As part of the statement of cash flows for a business, investing activities are recognized as changes to a company"s long-term assets. This involves the acquisition and sale of long-term investments such as buildings and equipment. This is different from operating activities, or cash flow from running the business (selling goods or services), and financing activities, or financial exchanges: the correct answer is d) asset contra-account. Accumulated depreciation is the total depreciation expense for an asset since that asset was put into service. Accumulated depreciation is an asset contra-account that is a credit when depreciation expense is recorded each accounting period as a debit. Accumulated depreciation is associated with constructed assets such as buildings, machinery, and office equipment. Tips & tricks f: the correct answer is a) ,000.
