When a company records depletion on natural resources, it will have which of the following effects?
A. Cash flow decreases.
B. Inventory increases.
C. Net income decreases.
D. Expenses increase.
Answer: B
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A. High-involvement management B. Leadership C. Positive organizational behavior D. Ethical organizational behavior
Which of the following has lost population in the past two decades?
A) California B) Florida C) the Western states D) the Northeast states E) the Southern states
Choose the combination that best reflects the appropriate classification of cash received from operating, investing and financing activities. Operating Investing Financing
a. Cash paid by customers Sale of operational assets Issuance of bonds payable b. Dividends received Cash paid by customers Issuance of bonds payable c. Sale of operational assets Dividends received Cash paid by customers d. Issuance of bonds payable Sale of operational assets Dividends received
After the income statement is prepared, the net income or net loss amount is used to prepare which other financial statements?
a. Statement of retained earnings and statement of cash flows b. Balance sheet and statement of cash flows c. Statement of retained earnings and balance sheet d. None of the above are correct