Outsourcing removes work from one company and sends it to another company that can
complete it at a lower cost

Indicate whether the statement is true or false


T

Business

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Almost all current liabilities affect the operating category of the statement of cash flows, but one that does not affect cash provided by operating activities is

a. accounts payable. b. interest payable. c. notes payable. d. taxes payable.

Business

John's uncle donated a truck to his company, John's Corporation. The truck had an original cost of $95,000, a book value of $40,000, and a fair value of $60,000. The journal entry by John's Corporation to record this donated asset will include a

A) ?debit Truck for $60,000 and credit Gain for $20,000. B) ?debit Truck for $60,000 and credit Gain for $60,000. C) ?debit Truck for $95,000 and credit Gain for $35,000. D) ?debit Truck for $95,000 and credit Gain for $95,000.

Business

All of the following statements accurately describe the debt ratio except.

A. A relatively low ratio signifies lower risk. B. It is of use to both internal and external users of accounting information. C. Higher financial leverage means greater risk. D. The ratio is computed by dividing total equity by total liabilities. E. The ratio is computed by dividing total liabilities by total assets.

Business

MPR is often the last element of the marketing mix to be used in a marketing campaign

Indicate whether the statement is true or false

Business