Upon review of Susan's Statement of Cash Flows, the following was noted: Cash flows from operating activities $75,000 Cash flows from investing activities (135,000) Cash flows from financing activities 125,000 From this information, the most likely explanation is that Susan is
A) using cash from operations and selling long-term assets to pay back debt.
B) using cash from operations and borrowing to purchase long-term assets.
C) using its profits to expand growth.
D) using cash from investors to provide for operations.
B
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Claiming personal travel as a business expense, a personal lunch as a business lunch, altering a receipt to reflect a higher amount than was actually paid, or submitting fictitious receipt is an example of which of the following?
a. a billing scheme b. a payroll disbursement scheme c. a register disbursement scheme d. an expense reimbursement scheme
A group member fulfilling the ______ role may use humor to smooth over tensions or disagreements among other members.
a. performer b. slacker c. information-giver d. harmonizer
Which of the following statements is false?
A) The method of preparing the operating activities section of a statement of cash flows which adjusts net income to remove the effects of deferrals and accruals for revenues and expenses is the indirect method. B) The method of preparing the operating activities section of a statement of cash flows which reports its cash inflows from operations followed by its cash outflows for operations is the direct method. C) The FASB prefers the direct method of preparing the operating activities section of the statement of cash flows. D) Most companies use the direct method of preparing the operating activities section of the statement of cash flows.
Explain the reasons for the rapid growth of administrative agencies in the United States
What will be an ideal response?