Midtown Diner, Inc., purchased $10,000 of paper napkins for its restaurants. At the end of the period, three-fourths of the bill for the napkins is unpaid while an inventory revealed that 40% of the napkins were still on hand. What combination of amounts would affect the income statement and statement of cash flows?Statement of Cash Flow Income Statement
A. $6,000 $6,000
B. $7,500 $4,000
C. $2,500 $6,000
D. $6,000 $2,500
Answer: C
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Answer the following statement true (T) or false (F)
What is the ABA’s position on whether an attorney can search electronic documents for metadata? Has your jurisdiction taken a position on the ethics of searching for metadata?
What will be an ideal response?