Classify the following cash flows as either operating, investing, or financing activities assume indirect method. 1. Received cash from short-term debt issuance.
2. Paid cash dividends.
3. Received cash payments from customers.
4. Purchased inventories with cash.
5. Paid cash interest on outstanding notes.
6. Received cash dividends from investments.
7. Paid accounts payable with cash.
8. Sold stock investments for cash.
9. Received cash from sale of equipment.
10. Received cash from long-term debt issuance.

Frolic corporation has budgeted sales and production over the next quarter as follows. the company has 4100 units of product on hand at july 1. 10% of the next months sales in units should be on hand at the end of each month. october sales are expected to be 72000 units. budgeted sales for september would be: july august september sales in units 41,500 53,500 ? production in units 45,700 53,800 58,150

Trecek corporation incurs research and development costs of $625,000 in 2017, 30 percent of which relate to development activities subsequent to ias 38 criteria having been met that indicate an intangible asset has been created. the newly developed product is brought to market in january 2018 and is expected to generate sales revenue for 10 years. assume that a u. s.–based company is issuing securities to foreign investors who require financial statements prepared in accordance with ifrs. thus, adjustments to convert from u. s. gaap to ifrs must be made. ignore income taxes. required: (a) prepare journal entries for research and development costs for the years ending december 31, 2017, and december 31, 2018, under (1) u. s. gaap and (2) ifrs. (c) prepare the entry(ies) that trecek would make on the december 31, 2017, and december 31, 2018, conversion worksheets to convert u. s. gaap balances to ifrs.

Arestaurant that creates a new type of sandwich is using (blank) as a method of competition.