In a statement of cash flows, which of the following would increase reported cash flows from operating activities using the direct method?
a. Collection of a note receivable
b. Dividends received from investments
c. Gain on purchase of treasury stock
d. Gain on sale of equipment
B
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Which of the following is correct concerning requirements about auditor communications about fraud?
A. All fraud with a material effect on the financial statements should be reported directly by the auditor to the Securities and Exchange Commission. B. Fraud with a material effect on the financial statements should ordinarily be disclosed by the auditor through use of an "emphasis of a matter" paragraph added to the audit report. C. Fraud that involves senior management should be reported directly to the audit committee regardless of the amount involved. D. The auditor has no responsibility to disclose fraud outside the entity under any circumstances.
What is the number of 16-inch rolls produced?
A) 1,264 units B) 1,718 units C) 1,432 units D) 1,000 units
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Answer the following statement true (T) or false (F)