The income statement shows the difference between a firm's income and its costs-i.e., its profits-during a specified period of time. However, not all reported income comes in the form of cash, and reported costs likewise may not be consistent with cash outlays. Therefore, there may be a substantial difference between a firm's reported profits and its actual cash flow for the same period.

Answer the following statement true (T) or false (F)


True

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Most nonverbal clues fall into one of four categories. Which is NOT one of those categories?

a. Paralinguistics b. Kinetics c. Catharsis d. Proxemics

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A company performs 20 days of work on a 30-day contract before the end of the year. The total contract is valued at $6,000 and payment is not due until the contract is fully completed. The required adjusting entry includes a $4,000 debit to Unearned Revenue.

Answer the following statement true (T) or false (F)

Business

________ is the most important professional assistance one needs before investing in a franchise.

A. Legal advice B. Technological advice C. Communication advice D. Medical advice

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Under which rule of Title VII, does the EEOC not need a certification as a class representative??

A) ?Rule 20 B) ?Rule 21 C) ?Rule 22 D) ?Rule 23

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