Carpet World Inc reported the following information for 2016 and 2017. 2016 2017 Accounts receivable $51,000 $57,000 Inventories 42,000 39,000 Accounts payable 43,000 48,000 Net income 60,000 Depreciation expense 8,000 If Carpet World uses the indirect method to prepare the operating activities section of the statement of cash flows, what amount will be reported as net cash inflow from operating
activities for 2017?
a. $64,000
b. $66,000
c. $68,000
d. $70,000
d
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Under U.S. GAAP, the classification of interest expense as an operating activity and dividends paid on common or preferred shares as a financing activity appears inconsistent to some observers as both are payments to suppliers of funds. Authoritative guidance requires the different treatments because
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An advantage of written communication is that it
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The NLRA requires that all mandatory subjects of bargaining be discussed in every collective bargaining contracts
a. True b. False Indicate whether the statement is true or false
Phishing is commonly used to steal credit card numbers
Indicate whether the statement is true or false