When computing the net cash provided by operating activities using the indirect method on the statement of cash flows, which item below would NOT be added to net income?
A. Decrease in accounts payable.
B. Depreciation.
C. Loss on the sale of an asset.
D. Decrease in prepaid expenses.
Answer: A
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Which of the following is not a requirement of Sarbanes-Oxley?
a. Annual report must include an internal control report b. External auditors can no longer provide human resource services c. External auditors can no longer provide brokerage services d. Must establish an internal control system that guarantees financial accuracy
This question is composed of two parts; be sure to answer both. First, compare and contrast open and closed systems. Explain why almost all businesses today have an open system. Next, suppose you manage a business in which you hire young musicians to give lessons to school children. In what ways will you need your business to be open?
What will be an ideal response?
Barbara, a skilled welder, was hired at Mainco Enterprises for a welding position. She was asked to sign a noncompete clause limiting future employment if she left Mainco. A court would be very likely to enforce the noncompete clause unless the time or geographic restriction is unreasonable
a. True b. False Indicate whether the statement is true or false
A frequency distribution is an organization of ________ data about the events in an experiment
A) quantitative B) integer C) qualitative D) unknown