The general rule for determining the cash flow received from any revenue or paid for any expense (except depreciation, which is a special case) is to determine the potential cash payments or cash receipts and add the amount not paid or not received
Indicate whether the statement is true or false
False
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Which of the following statements is true with regard to contributed capital?
a. Preferred stock is stock that has been retired. b. It is very unlikely corporations may have more than one class of stock outstanding. c. The outstanding number of shares is the maximum number of shares that can be issued by a corporation. d. The shares that are in the hands of the stockholders are said to be outstanding.
________ aims to create brand awareness and knowledge of new products or new features of existing products
A) Informative advertising B) Corporate advertising C) Reinforcement advertising D) Persuasive advertising E) Reminder advertising
Super Grocery store allocates its service department expenses to its various operating (sales) departments. The following data is available for its service departments: ExpenseBasis for allocation Amount AdministrativeSquare feet of floor space $15,000 AdvertisingAmount of dollar sales $8,000 The following information is available for its three operating (sales) departments:Department Square Feet Dollar Sales Produce 1,000 $80,000 Bakery 800 $30,000 Meats 1,200 $42,000 Totals 3,000 $152,000 What is the total administrative expense allocated to the Meats department?
A. $3,000. B. $1,200. C. $6,000. D. $4,145. E. $9,000.
A merger between Grain Mills Corporation and Farm2Fork Distribution Inc. can be expressed as Grain Mills + Farm2Fork =
A. Farm2Fork. B. Harvest Dining Corporation. C. Harvest Dining Corporation + EZ Brewing Company. D. EZ Brewing Company.