Gains and losses on plant, property, and equipment are reported on the Income Statement

A. in the discontinued operations section. B. in the continuing operations section. C. in the financing section. D. as a retrospective application.

An example of a cash inflow from financing activities is

A. gain on sale of land.

B. cash receipts from the issuance of bonds.

C. selling a building.

D. cash receipts from sale of investments.

Eagle Ridge, Inc. issued 40 shares of $20 par value stock to its accountant in full payment for her $900 fee for assisting in setting up the new company. The entry for the issuance of the stock is a

A. credit to Common Stock for $800.

B. debit to Paid-in Capital in Excess of ParCommon for $100.

C. credit to Common Stock for $900.

D. debit to Common Stock for $800.

Evaluating whether a business is creating value is known as

A. financial analysis.

B. valuation.

C. comparative analysis.

D. benchmarking.