Gains and losses must be removed from __________ and shown in the __________ of the statement of cash flows
a. the investing activities section; operating activities section
b. net income; investing activities section
c. the financing activities section; operating activities section
d. net income; financing activities section
b
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In the Kellogg's example given in your text, as a result of problem-solving research, Kellogg's found out that it was not being creative in introducing new products to meet the needs of the adult market
Indicate whether the statement is true or false
Cash dividends become a liability of a corporation when the stock goes ex-dividend
Indicate whether the statement is true or false
Preferred stock normally does not convey the following characteristic:
a. Dividend preference b. Voting rights c. Preference in liquidation secondary to creditors d. Callable at issuer's discretion
Which of the following is true of the natural law school of jurisprudence?
A) It has existed since 300 B.C. and bases law on certain unchanging value judgments. B) It focuses on environmental concerns, such as toxic waste and air quality. C) Its source of law is contemporary community opinion and customs. D) It teaches that the legislature is the primary source of all law.