Caldwell Corp's cost of goods purchased amounts to $900,000 for 2011. From the beginning until the end of 2011, their accounts payable decreased by a net amount of $95,000. How much "cash outflows for purchases" should Caldwell report for 2011 on their statement of cash flows?
A) $ 95,000
B) $900,000
C) $995,000
D) $805,000
C
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In most organizations, coworkers and others have knowledge or suspicions that fraud is occurring but do not come forward with their information. There are several major reasons for this hesitancy. Which of the following is NOT one among them?
a. It is usually impossible to know for sure that a fraud is taking place. b. The suspicious action is not affecting their work. c. They fear reprisal for being a whistle-blower. d. They often think that squealing on someone is wrong.
A ________ is a document explaining the reasons for the difference between a depositor's Cash account in the ledger and the depositor's cash balance in its bank account.
A) bank statement B) deposit receipt C) bank reconciliation D) remittance advice
When no-par common stock with a stated value is issued for cash, the common stock account is credited for an amount equal to the cash proceeds
Indicate whether the statement is true or false
Which of the following statements about managing a supply chain is true?
a. Managing supply chains has become difficult over the years, as it involves working with a large number of organizations. b. Managing supply chains has become easier, as a large number of operations are outsourced to other companies. c. The difficulty of managing supply chains has remained about the same. d. Managing supply chains has become easier, as an organization can function simply by offshoring all its operations.