On the statement of cash flows, a $7,500 gain on the sale of fixed assets would be
a. added to net income in converting the net income reported on the income statement to cash flows fromoperating activities
b. deducted from net income in converting the net income reported on the income statement to cash flows fromoperating activities
c. added to dividends declared in converting the dividends declared to the cash flows from financing activitiesrelated to dividends
d. deducted from dividends declared in converting the dividends declared to the cash flows from financingactivities related to dividends
b
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The FDA enforces both specific and general standards for food safety.
Answer the following statement true (T) or false (F)
Which of the following is NOT a primary reason for increased size and number of frauds?
a. The advent of computers b. Complex accounting systems c. Increased centralization of businesses d. The Internet
The beliefs associated with psychological empowerment are ______.
A. meaningfulness, self-determination, impact, and influence B. self-determination, competence, impact, and influence C. competence, self-determination, impact, and meaningfulness D. competence, meaningfulness, impact, and influence
Overhead costs:
A. Cannot be traced to units of product in the same way that direct labor can. B. Are directly related to production. C. Include only fixed costs. D. Can be traced to units of product in the same way that direct materials can. E. Are period costs.