The comparative balance sheets for Flagler Co for 2015 and 2014 indicate that accounts receivable decreased during 2015 . Flagler uses the indirect method of preparing the operating activities section of its statement of cash flows. How will the decrease in accounts receivable be reported on the statement of cash flows?
a. It will be included in the amount of cash and cash equivalents at the end of 2015.
b. It will be deducted from net income in the operating activities section.
c. It will be added to net income in the operating activities section.
d. It will be reported as a cash outflow in the investing activities section.
c
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Directors usually declare dividends less than the legal maximum and thereby allow retained earnings to increase as a matter of corporate financial policy. Which of the following is not a valid reason for this practice?
a. Available cash did not increase by as much as the amount of earnings, so paying the maximum legally permitted dividends would require raising more cash. b. Restricting dividends in prosperous years may permit continued level or steadily growing dividend payments in poor years. c. The firm may need funds for expansion of working capital or for plant and equipment. d. The firm can distribute the funds to shareholders with lower tax burdens for them by using the cash to repurchase shares. e. The firm can distribute steadily growing dividend payments to shareholders thereby increasing the market value of the firm's common stock and increasing the earnings multiple that investors apply.
Which of the following is a new line of thought about quality that is now emerging?
A. Training is costly. B. Quality improvement takes time. C. Quality is everyone's job. D. Haste makes waste.
Explain how, given the cash flow on the simulated interest-rate paths, the average life of a RMBS is determined
What will be an ideal response?
Which of the following transactions are NOT included among Automated Clearing House payments?
A) ATM deposits B) Business-to-business electronic payments C) Checks D) Internet-initiated debit card payments E) Local tax payments