A question asked by stockholders is, "How much profit did the company make?" What should the stockholder examine to get the most information that will help evaluate the answer to this question?
a. The balance sheet, because retained earnings represents current profits
b. The statement of cash flows, as cash inflows and outflows represents current profits
c. The income statement, since it shows the revenues and expenses for the period
d. The economic resources of the company
c
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All of the following are true with regard to a Roth IRA except
A. contributions to Roth IRAs must cease after the owner has reached age 70 1/2. B. contributions to Roth IRAs are subject to special modified AGI limitations that are higher than those for traditional IRAs. C. contributions to existing Roth IRAs must be made by the due date of the return. D. contributions to Roth IRAs are never tax deductible.
Identify at least four forces in the general environment of organizations and provide an example of each for an industry or business. How do these forces differ from the external stakeholders in the task environment?
What will be an ideal response?
All of the following are recommended guidelines for effectively making social contacts EXCEPT:
A) responding to the customer's comments B) making nonverbal gestures of listening C) discussing your personal experiences D) maintaining appropriate eye contact E) initiating the social contact
Anyone who knows of an offer can accept it
Indicate whether the statement is true or false