Which of the following best describes a company's financing activities?
a. Financing activities focus on the sale of products and services.
b. Financing activities include selling products.
c. Financing activities enable a company to acquire assets needed to run a business.
d. Financing activities are represented by the revenues and expenses on the income statement.
c
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The comparative balance sheets for Flagler Co for 2015 and 2014 indicate that accounts receivable decreased during 2015 . Flagler uses the indirect method of preparing the operating activities section of its statement of cash flows. How will the decrease in accounts receivable be reported on the statement of cash flows?
a. It will be included in the amount of cash and cash equivalents at the end of 2015. b. It will be deducted from net income in the operating activities section. c. It will be added to net income in the operating activities section. d. It will be reported as a cash outflow in the investing activities section.
When aging of accounts receivable is used, each age group is multiplied by its own estimated uncollectible percentage to determine each age group's estimated uncollectible amount. The sum of the amounts thus determined is the
A) amount of bad debt expense for the year. B) required ending balance for the allowance for doubtful accounts. C) increase to the existing credit balance in the allowance for doubtful accounts. D) amount that should be written off as uncollectible for the year.
The ability to inspire, motivate, create a vision, bring about change, and see that change through to completion, is typical of what type of leader?
a. Charismatic b. Transformational c. Transactional d. Both A and B
Any successful home page should include
A) Identi?cation information. B) Graphics. C) A sizable mission statement. D) All of the above. E) A and B.