The value of the following game is 2.5. Therefore,
Y1 Y2
X1 3 2
X2 -1 6
A) X1 will gain 2.5 points.
B) X2 will gain 2.5 points.
C) X will gain 2.5 points.
D) Y will gain 2.5 points.
E) None of the above
C
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Two methods are available to prepare the operating activities section of a statement of cash flows. Which of the following statements regarding these two methods is false?
a. If a company uses the indirect method, it must separately disclose the cash payments made for interest and income taxes. b. If a company uses the direct method, it must present a separate schedule which reconciles net income to net cash from operating activities. c. Advocates of the direct method believe that the indirect method reveals too much by telling readers gross amounts of cash receipts and cash payments from operations. d. The FASB prefers the direct method, while most companies use the indirect method in practice.
In Sid's Surf Shop, there is a 10-foot-long surf board on legs with swimwear on it near the entrance to the department where surfing merchandise is sold. The surfboard attracts many customers into that department. This is an example of a(n)
A. bulk fixture. B. freestanding display. C. cash wrap. D. gondola display. E. end cap.
The discount rate that firms use in measuring the pension plan liability is the rate of return on
a. high-quality equity investments. b. low-quality fixed-income investments with a maturity approximately equal to the period to maturity of the pension benefits. c. average-quality fixed-income investments with a maturity approximately equal to the period to maturity of the pension benefits. d. high-quality fixed-income investments with a maturity approximately equal to the period to maturity of the pension benefits. e. certificates of deposit with a maturity approximately equal to the period to maturity of the pension benefits.
Labor unions use the approach of individual bargains with employers to obtain better working conditions
Indicate whether the statement is true or false