On the statement of cash flows, payment of dividends is treated as a/an
a. investing activity.
b. financing activity.
c. outflow of cash from operations.
d. expenditure not requiring the use of cash.
e. none of the above.
B
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Annette sells store fixtures such as clothing racks, wall shelving, and storage units. In developing her ________ for a prospect, Annette uses the square footage of the prospect's retail store to predict profit as well as return on investment if her fixtures are purchased.
A. business proposition B. customer profile C. FAB D. sales call objective E. marketing call
The content outline of a report
a. is a formal section of the report that serves to define and organize the content. b. is an optional prerequisite to writing a formal report. c. is a planning document that is subject to modification as the writer develops the report. d. must have three major points.
Studies suggest that if firms could get almost 4 percent more work out of each employee, the GDP in the United States would increase by $355 billion.
Answer the following statement true (T) or false (F)
On January 2, 2019, Todd converts his house into a rental property. Todd’s basis in the house is $400,000, and its fair market value on the date of conversion is $376,000. What is Todd’s basis for purposes of MACRS cost recovery?
A. $0; because it was converted from personal use, it cannot be depreciated. B. $376,000. C. $388,000. D. $400,000.