Which statement is false regarding the preparation of the indirect method of the statement of cash flows?
a. An increase in merchandise inventory is subtracted from net income.
b. Depreciation expense is added to net income.
c. An increase in accounts receivable is added to net income.
d. An increase in accounts payable is added to net income.
C
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Herzberg (1966) referred to those factors which are prerequisites for individual motivation but which cannot act as motivators alone, as:
a. hygiene factors b. satisfiers c. elemental factors d. maintenance factors
Which of the following is not a breach of an agent's duty of obedience?
a. Entering into an unauthorized contract for which his or her principal is then liable. b. Committing a tort for which the principal is now liable. c. Improperly delegating her authority. d. Not following a principal's instruction to misrepresent the quality of a competitor's goods to a potential customer.
Caltran, Inc completed manufacturing Job 445
It included $350 of direct materials cost, $1,240 of direct labor cost, and $500 of allocated manufacturing overhead. Which of the following is the correct journal entry needed to record the completed job? A) Work-in-Process Inventory 2,090 Finished Goods Inventory 2,090 B) Finished Goods Inventory 2,090 Materials Inventory 2,090 C) Work-in-Process Inventory 1,590 Cost of Goods Sold 1,590 D) Finished Goods Inventory 2,090 Work-in-Process Inventory 2,090
Erin contracts in writing to sell her Ford-brand pick-up truck to Garth for $10,500. Erin agrees to deliver the truck on Friday, and Garth promises to pay the $10,500 on the following Monday. On Thursday, Garth tells Erin that he changed his mind and
will not buy the truck. Over the weekend, Garth changes his mind again and tenders $10,500 to Erin on Monday. Erin has not sold the truck to another party but refuses the tender and refuses to deliver. Garth claims that Erin has breached their contract. Erin contends that Garth's repudiation released her from her duty to perform under the contract. Who is correct, and why?