Under the indirect method, which of the following items would be added to net income to determine the cash flow from operating activities?

A. Decrease in the balance of accounts payable
B. Depreciation expense
C. Gain on the sale of equipment
D. Accrued interest receivable


Answer: B

Business

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Phillip is a senior journalist at a news agency. He goes on a temporary leave for six months and travels around different parts of South Asia during his leave. He records his travel experiences in a book and shares it with his colleagues upon his return. During his leave, he was also being paid by the organization. This is an example of a(n)

A. downward move. B. transfer. C. externship. D. sabbatical. E. expatriate assignment.

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Apex Corp. asks its consumers to determine how they perceive the similarities and dissimilarities among relevant product attributes for a group of competing brands. In this case, Apex Corp. is most likely using the technique of _____.

A. behavioral targeting B. concept testing C. bivariate regression analysis D. perceptual mapping E. analysis of variance (ANOVA)

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The sample ____________________ is relatively more efficient than the sample ____________________ when estimating the population mean

Fill in the blank(s) with correct word

Business

An investor has her money segregated into checking, savings, and investments. The allocation among the categories is subjective, yet the investor spends freely from the checking account and not the others. This behavior can be explained as _______________.

A. loss aversion B. mental accounting C. overreaction D. winner's curse

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