For each of the following items, relating to the adjustments made to reconcile net income to net cash provided by operating activities section, state whether the adjustment is an increase or decrease to net income.
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It is common for an auditor to issue a compilation report on financial statements that omit all of the disclosures required by GAAP
a. True b. False Indicate whether the statement is true or false
New York's ________ statute prohibits employment decisions or actions based on four categories of off-duty activity.
What will be an ideal response?
A franchise contract may use only one type of business organization¾the sole proprietorship.
Answer the following statement true (T) or false (F)
Knapper Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During January, the kennel budgeted for 2,700 tenant-days, but its actual level of activity was 2,740 tenant-days. The kennel has provided the following data concerning the formulas to be used in its budgeting: Fixed Element per MonthVariable element per tenant-dayRevenue - $37.00 Wages and salaries$3,800 $6.10Food and supplies 900 14.90Facility expenses 9,700 4.80Administrative expenses 6,600 0.10Total expenses$21,000 $25.90?The food and supplies in the flexible budget for January would be closest to:
A. $41,130 B. $41,726 C. $41,018 D. $42,243