Under the_____________method, an increase in inventory is shown as an adjustment to net income in the operating activities category of the cash flow statement
Fill in the blank(s) with correct word
indirect method
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The following data relate to product no. 89 of Mansion Corporation:Direct material standard: 3 square feet at $2.50 per square footDirect material purchased: 30,000 square feet at $2.60 per square footDirect material consumed: 29,200 square feetManufacturing activity: 9,600 units completedAssume that the company computes variances at the earliest point in time.The direct-material quantity variance is:
A. $2,000F. B. $1,040F. C. $1,000U. D. $1,000F. E. $1,040U.
Some employees go out of their way to create a bad impression of themselves. Why would they do such a thing, and what do they hope to gain?
What will be an ideal response?
What do affirmative action programs usually involve?
Which of the following would be most likely to occur in the year after Congress, in an effort to increase tax revenue, passed legislation that forced companies to depreciate equipment over longer lives? Assume that sales, other operating costs, and tax rates are not affected, and assume that the same depreciation method is used for tax and stockholder reporting purposes.
A. Companies' reported net incomes would decline. B. Companies' net operating profits after taxes (NOPAT) would decline. C. Companies' physical stocks of fixed assets would increase. D. Companies' free cash flows would increase. E. Companies' cash positions would decline.