The direct method of preparing the operating activities section of the statement of cash flows reports major classes of gross cash receipts and gross cash payments
Indicate whether the statement is true or false
True
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Answer the following statements true (T) or false (F)
Because American unions were instrumental in pushing for increased protective legislation such as workers' compensation laws and unemployment insurance, the demand for union services has increased, rather than decreased, over time. Part of the decline in union density may be due to the fact that newer entrants to the workforce are less likely to have ever experienced the benefits of unionization and therefore are less likely to become union members themselves. Workers are more likely to experience unionism when they are young than when they are older. If the reasons for the decline in unionization rates in the U.S. are largely structural and a result of declining demand for union services, there is no real need for labor law reform.
Neef Corporation has provided the following financial data from its balance sheet and income statement: Year 2Year 1Total assets$1,302,000 $1,330,000 Total stockholders' equity$885,000 $880,000 Income StatementFor the Year Ended December 31, Year 2Sales (all on account)$1,420,000 Cost of goods sold 890,000 Gross margin 530,000 Operating expenses 493,000 Net operating income 37,000 Interest expense 17,000 Net income before taxes 20,000 Income taxes (35%) 7,000 Net income$ 13,000 The company's gross margin percentage for Year 2 is closest to:
A. 37.3% B. 59.6% C. 4076.9% D. 2.5%
The rights of a holder of a negotiable document of title to whom it has been duly negotiated include:
a. title to the document. b. title to the goods. c. all rights accruing under the law of agency or estoppel. d. All of these are rights.
Which of the following is/are considered to be conduct to invalidate a will?
a. Duress. b. Undue influence. c. Fraud. d. All of these.