According to the text, almost all current liabilities appear in the Operating Activities category of the statement of cash flows, but there are exceptions. Explain the exceptions and give an example
Almost all current liabilities appear in the Operating Activities category of the statement of cash flows, but there are exceptions. If a current liability is not directly related to operating activities, it should not appear in that category. For example, if a company like Home Depot uses some notes payable as a means of financing, distinct from operating activities, those borrowings and repayments are reflected in the Financing Activities rather than the Operating Activities category.
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Earnings per share is a measure of
a. cash income earned by the common shareholder. b. profitability. c. the financial viability of a firm. d. the amount of dividends that will be paid by the firm. e. how much an investor would be willing to pay for a share of common stock.
Newt, a gun dealer, offers to sell a rare civil war musket to Rush, another dealer, for "$15,000, insurance and shipping paid by buyer." Rush responds, "I accept. Insurance and shipping costs divided equally between seller and buyer." The parties
a. do not have a contract since the acceptance violated the mirror image rule. b. do not have a contract since Rush's response was a counteroffer. c. have a contact and, in the majority of states, the terms of the offeree control. d. have a contract and, in the majority of states, the different terms will cancel each other out.
A potential juror may be asked questions about some racial beliefs during voir dire
Indicate whether the statement is true or false
Which of the following statements best describe status symbols?
A. They refer to clearly defined and dramatic devices that convey a key element of the firm's culture and vividly reinforce the values of the organization. B. They are a set of assumptions, beliefs, values, and norms shared by an organization's members. C. They are visible external things that attach to a person or workplace and serve as evidence of social rank. D. They are useful in conveying a sense of tradition and enhance cohesion around key values.