Cost of goods manufactured appears on the income statement of a manufacturing company in a similar manner as purchases appear on the income statement of a merchandising company
Indicate whether the statement is true or false
T
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Assume the indirect method is used to compute net cash flows from operating activities. For this item extracted from the financial statements-Decrease in Accrued Liabilities-indicate the effect on net income in arriving at net cash flows from operating activities by choosing one of the following:
A) Add to net income to arrive at net cash flows from operating activities. B) Subtract from net income to arrive at net cash flows from operating activities. C) Not used to adjust net income to calculate net cash flows from operating activities.
Northwestern Data Systems has adopted a new organizational approach with regard to information flow, ensuring that employees have access to the data they need, when they need it. Aware of this new approach, Stacy, an administrative assistant working for a manager in the sales department, requests a report regarding disciplinary action on a manager outside her department. Despite the new company policy, her request is denied, most likely because
A. as a policy, free information flow applies only to top management. B. free flow of information is an attitude rather than a guide to specific actions. C. the new approach does not apply to internal matters, but only to customer relations. D. neither she nor her supervisor has any demonstrable reason to access such information. E. Stacy's supervisor has a responsibility to give information but not a right to receive it.
Ed was an independent owner of a chain of TV stores. He successfully got customers into his store by cutting his prices on widely advertised name-brand products in order to sell other products for which he received a bigger profit. When the manufacturers of three of the name-brand products discovered Ed's actions, they agreed secretly to stop selling him their TVs. The three manufacturers A)are
doing nothing illegal, as they did not get Ed to agree to anything. B)are free to agree not to deal with Ed since the public can go elsewhere and will not be hurt economically. C)can choose either as a group to deal or not to deal with any retailer they want. D)are engaged in a rule of reason violation of the antitrust laws if their action harms competition.
________ describes the seriousness of a problem's effects.
A. Immediacy B. Growth tendency C. Urgency D. Impact