Olsen Company sells paper products to restaurants and stores…

Olsen Company sells paper products to restaurants and stores across the country. Recently Olsen purchased a new machine for $100,000 by paying cash of $20,000 and signing a note payable for the remainder. How is this transaction reported on the statement of cash flows?

Dr. Brady’s sparkling water company “El Croix” claims to hav…

Dr. Brady’s sparkling water company “El Croix” claims to have “Twice as much flavor as La Croix!” This claim has not been supported scientifically so La Croix was very upset and asked for an investigation to commence. Who would be in charge of regulating Dr. Brady’s false claim?

Fitbit offers many different wearables like the Fitbit Versa…

Fitbit offers many different wearables like the Fitbit Versa 2, the Fitbit Ionic, and the Fitbit Charge 4. All of these products have different price points and functionalities that are appealing to a variety of different fitness enthusiasts. This is an example of which aspect of marketing?

A company reported the following account balances on its inc…

A company reported the following account balances on its income statement: revenues—$500,000, cost of goods sold—$300,000, depreciation expense on equipment—$50,000, and gain on sale of equipment—$23,000. The balance sheet has accounts including noncurrent notes payable going up by $23,000, accounts payable going down by $6,000, accounts receivable going down by $17,000, and inventory going up by $3,000. Determine cash flows from operating activities for the year.