What is the statement of cash flow required by the SEC and why is it required?
What will be an ideal response?
Answer: Some companies prepare only balance sheets and income statements. However, the SEC requires all firms whose stock is publicly traded to issue a third report, the statement of cash flows, which describes yearly cash receipts and cash payments. Because it provides the most detail about how the company generates and uses cash, some investors and creditors consider it one of the most important statements of all. It shows the effects on cash of three aspects of a business: operating activities, investing activities, and financing activities.
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Which of the following accounts on the manufacturing company work sheet is an asset account?
a. Finished Goods Inventory; b. Factory Overhead; c. Cost of Goods Sold; d. Retained Earnings; e. Capital Stock
Joint venturing has occurred when two or more U.S. companies jointly invest in distributing products to a foreign country
Indicate whether the statement is true or false
Timberland employees get 40 hours paid leave each year to pursue volunteer projects. The company runs a service day that hosts projects in 25 countries, and it supports a nonprofit that brings young people into public service for a year
CEO Jeffrey Swartz sees such service as a powerful differentiator for Timberland with its current and potential customers. Timberland could be most accurately described as practicing ________. A) consumerism B) environmentalism C) green marketing D) sustainability E) corporate social responsibility
Newspapers offer which one of the following major advantages?
A. Younger publics tend to be among the most avid readers. B. Practitioners can target publicity geographically.