Firefly inc. sold land for $225,000 cash. the land had been purchased five years earlier for $275,000. the loss on the sale was reported on the income statement. on the statement of cash flows, what amount should firefly report as an investing activity from the sale of the land?
a. $50,000
b. $275,000
c. $225,000
d. $500,000

What does the consumer price index measure? a. the change in prices of all goods and services over time b. the change in prices of specific goods and services over time c. the change in prices of final goods and services over time

Select the correct answer the smith family adopted a child. the adoption procedure took about three months, and the family incurred various expenses. will the smiths receive and financial benefit for the taxable year? a) they will not receive any financial benefit for adopting the child b) their income tax component will decrease c) they will receive childcare grants d) they will receive a tax credit for the cost borne for adopting the child e) they will receive several tax deductions

Oliver's company is planning the launch of their hybrid cars. the company has included "never-before-seen" product benefits in the hybrid cars. which type of advertising should oliver's company use for the new cars?