Presented below is the operating activities section of the statement of cash flows for Kerry Corporation for 2012: Operating activities: Cash collected from sales $ 550,000 Cash payments for inventory (150,000) Cash payments for operating expenses (275,000) Net cash provided by operating activities $ 125,000 Which method of preparing the operating activities section has Kerry used?
A) The direct method
B) The indirect method
C) Either method
D) Cannot be determined without further information
A
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Camponi Fashions Changes Employee Policy Camponi Fashions gives its sales consultant a $2,000 wardrobe annually to be selected from the current lines. In addition, these employees may also purchase additional clothing at a 15 percent discount. The
company recently has gone through serious financial difficulties. As part of its attempt to bring expenses down, management has decided to reduce the clothing allowance for the upcoming year to $1,000 and the purchase discount to 10 percent. When the company returns to normal profit levels, the original allowance and discount will be restored. Required: As the manager of the sales associates, write an email message conveying the change in policy for the upcoming year.
Savings accounts and money market funds are examples of investments taxed under the Current Model.
Answer the following statement true (T) or false (F)
A(n) ________ is a document required to be filed by an equity security holder that states the nature and amount of his or her interest against the debtor.
A. proof of claim B. proof of interest C. voluntary petition D. involuntary petition
_______ is the matching one or more modes of transportation with the types of items to be shipped, the needs of shippers and customers, and the laws governing transportation.
Fill in the blank(s) with the appropriate word(s).