Question 19 Which one of the following is not a benefit of budgeting ? Question 20 The single most important output in preparing financial budgets is the Question 21 Zoum Corporation had the following transactions during 2014 : 1 - Issued $ 125,000 of par value common stock for cash . 2 - Recorded and paid wages expense of $ 60,000 . 3 - Acquired land by issuing common stock of par value $ 50,000 . 4 - Declared and paid a cash dividend of $ 10,000 . 5 - Sold a long-term investment ( cost $ 3,000 ) for cash of $ 3,000 . 6 - Recorded cash sales of $ 400,000 . 7 - Bought inventory for cash of $ 160,000 . 8 - Acquired an investment in Zynga stock for cash of $ 21,000 .
9 - Converted bonds payable to common stock in the amount of $ 500,000 .
10 - Repaid a 6 year note payable in the amount of $ 220,000 . What is the net cash provided by operating activities ? Question 22 A critical factor in budgeting for a service firm is to Question 23
If the board of directors authorizes a $ 100,000 restriction of retained earnings for a future plant expansion , the effect of this action is to