Which of the following is NOT a potential source of cash for a firm?
A) A decrease in Accounts receivable
B) A decrease in inventory
C) An increase in retained earnings
D) A decrease in equity
D
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Which of the following principals require an exchange transaction to be reported as significant noncash transaction either in a separate schedule or in a footnote to the financial statements?
a. Conservatism b. Economic entity c. Matching d. Full disclosure
Which of the following situations best indicates that a person would not qualify as a holder in due course?
a. Arranges to pay for the instrument at a later time. b. The person was notified that a prior indorser was discharged but in good faith. c. The person took the instrument in payment of a prior debt. d. The person accepted the instrument from a thief unaware of this fact.
People who start a small business usually seek outside funding before using their own funds.
Answer the following statement true (T) or false (F)
The phase of organization change that is the most difficult is ______.
A. how to sustain the change once we are underway B. compensating employees during the change process C. A and B D. none of these