The purchase of land for cash and the sale of a capital asset are viewed as: O A. a negative and positive item on the statement of cash flows OB. a positive and negative item on the statement of cash flows O C. both positive items on the statement of cash flows OD. neither positive nor negative items on the statement of cash flows A company reported $75,000 of income for 2015, 580,000 for 2016, and $90,000 for 2017. The percentage change in net income from 2016 to 2017 was O A. 9.1% OB 12.5% O C. 16.7% OD. 11.1% Given the following data, what is cost of goods sold as determined under the FIFO method? Sales revenue 350 units at $35 per unit Beginning inventory 120 units at $15 per unit Purchases 400 units at $20 per unit O A. $4,600 OB. $5,250 O C. $6,400 OD. $7,000 Click to select your answer The date of the income statement: O A. covers one day in time O B. covers a period of time, usually for an accounting period O c. is not dated OD. may cover a period of time or only one day in time, like a snapshot photograph 340 cm This Testos por O Using the aging-of-accounts receive method you that all the accuse $3.300 Theewance for table cuprinse 1.1. The then entry should the O A 51,100 OB53,000 OCH4.500 OD. $2.700