Purpose of constructing a statement of cash flows
Which of the following would be considered a "use" of cash for purpose of constructing a statement of cash flows?
a. selling the company's own common stock to investors.
b. issuing long-term debt.
c. purchasing equipment.
d. amortizing a patent.
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Compute the budgeted amounts for 2010 for direct materials to be used, direct labor, and applied overhead.
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