Which of the following statements is true of the direct and indirect methods of preparing the statement of cash flows?
A) The indirect method and the direct method will produce the same amount of net cash flow from operating activities.
B) The investing activities section is the only section that differs between the direct and indirect methods.
C) The indirect method shows three types of cash flows, but the direct method does not.
D) There is no difference in the way the operating activities section is presented.
A
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Studies on ethical behavior have attempted to relate differences in ethical conduct to differences in individual background, religious orientation, age, gender, nationality, and education-collectively, these are all ________ factors.
Fill in the blank(s) with the appropriate word(s).
Dividend yield equals
A) market price per share divided by dividends per share. B) net income divided by dividends per share. C) dividends per share divided by net income. D) dividends per share divided by market price per share.
Fool Proof Software is considering a new project whose data are shown below. The equipment that would be used has a 3-year tax life, and the allowed depreciation rates for such property are 33%, 45%, 15%, and 7% for Years 1 through 4. Revenues and other operating costs are expected to be constant over the project's 10-year expected life. What is the Year 1 cash flow? Equipment cost (depreciable basis)$48,000 Sales revenues, each year$60,000 Operating costs (excl. depr.)$25,000 Tax rate35.0% ?
A. $29,426 B. $33,387 C. $28,294 D. $28,860 E. $29,709
A corporation has perpetual existence regardless of what the articles of incorporation state.
Answer the following statement true (T) or false (F)