Payment for the early retirement of long-termbonds payable (carrying amount $370,000) $375,000distribution in year 2 of cash dividend declared in year 1 to preferred shareholders 31,000carrying amount of convertible preferred stock \in xan, converted into common shares 60,000proceeds from sale of treasury stock (carrying amount at cost, $43,000) 50,000during year 2, xan, inc. had the following activities related to its financial operations: xan uses u. s. gaap. in xan's year 2 statement of cash flows, net cash used in financing operations shouldbe:

Which of the following characteristics are emphasized in the accounting for state and local government entities? i. revenues should be matched with expenditures to measure success or failure of the government entity. ii. there is an emphasis on expendability of resources to accomplish objectives. a. i only b. ii only c. i and ii d. neither i nor ii

Three pounds of material a are required for each unit produced. the company has a policy of maintaining a stock of material a on hand at the end of each quarter equal to 30% of the next quarter's production needs for material a. a total of 35,000 pounds of material a are on hand to start the year. budgeted purchases of material a for the second quarter would be:

Adamson company manufactures four lines of garden tools. as a result of an activity analysis, the accounting department has identified eight activity cost pools. each of the product lines is produced in large batches, with the whole plant devoted to one product at a time. classify each of the following activities or costs as either unit-level, batch-level, product-level, or facility-level. activities (a) machining parts. (b) product design. (c) plant maintenance. (d) machine setup. (e) assembling parts. (f) purchasing raw materials. (g) property taxes. (h) painting.