If events A and B are independent then:
A. P(A and B) = P(A) P(B)
B. P(A and B) = P(A) + P(B)
C. P(B|A) = P(A)
D. None of these choices.
A
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Kraco Corporation reported 2010 net income of $450,000, including the effects of depreciation expense of $60,000, and amortization expense on a patent of $10,000 . Also, cash of $50,000 was borrowed on a 5-year note payable. Based on this data, total cash inflow from operating activities using the indirect method for 2010 was
a. $570,000 b. $520,000 c. $470,000 d. $440,000
Which of the following is recorded in the cash payments journal?
A) adjusting entry for accrued salaries B) receipt of cash on supplies returned C) receipt of cash from services rendered D) payment of employees' salaries
The strategic management system that translates an organization's mission and strategy into operational objectives and performance measures is
A) activity-based management. B) responsibility accounting. C) strategic accounting. D) cost information management. E) Balanced Scorecard.
A power of attorney is an example of a(n) ________ agreement
A) agency by ratification B) apparent agency C) express agency D) implied agency