The payment of taxes would be included in the operating activities section of the statement of cash flows
Indicate whether the statement is true or false
T
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Jim was recently promoted to the position of dining room supervisor at The Crab Shack, and he is now responsible for making decisions on numerous matters in the dining room and giving orders to the serving staff. At the same time, Jim has the obligation to perform the many new tasks assigned to him as a supervisor, such as overseeing the closing work and the cleaning of the dining room. Jim's obligations are known as his
A. hierarchy. B. power. C. beliefs. D. authority. E. responsibility.
GAS can be used with simple data structures but not complex structures
Indicate whether the statement is true or false
Baird Company reported depreciation expense of $10,000 and net income of $16,000 on its Year 2 income statement. During Year 2, the company's accounts receivable balance decreased by $4,000. Based on this information alone, what was the amount of cash flow from operating activities?
A. $32,000 B. $16,000 C. $30,000 D. $12,000
A misrepresentation of law is actionable as fraud as the innocent party cannot know every legal detail that applies to the situation
Indicate whether the statement is true or false