In creating a new business, a(n) ________ is one that comes from inside you, a hobby or an interest.
A. internal opportunity
B. passionate choice
C. compulsion
D. external opportunity
Answer: A
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Increases in deferred tax liability balances represent a potential:
A. benefit. B. source of capital. C. deterioration of earnings quality. D. source of cash flow.
The only requirement involved in communicating useful information is that the information be accurate.
Answer the following statement true (T) or false (F)
Under one doctrine, a person who understands the danger inherent in an activity cannot recover damages in the event of injury from the activity. This doctrine is called the
A) contributory negligence doctrine. B) assumption of risk doctrine. C) comparative negligence doctrine. D) fellow servant doctrine.
Which of the following is true of a cash flow?
A) Profits do not necessarily result in cash flows available to the stockholders. B) It is guaranteed that the board of directors will increase dividends when net cashflows increase. C) A firm's income statement will never show a positive profit when its cash outflows exceed its cash inflows. D) An increase in revenue will always result in an increase in cash flow.