Which of the following is not an example of a speculative risk?
A) Purchase of an insurance policy
B) Investment in common stocks
C) Operating a business for profit
D) Investment in banana futures
A
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Which of the following items would be deducted from net income to determine net cash provided by operating activities using the direct method?
A) loss on sale of plant assets and amortization of bond payable discount B) amortization of bond payable premium and gain on sale of equipment C) amortization expense and gain on sale of equipment D) None of these choices would be deducted from net income
Cash flow per share is usually higher than earnings per share
Indicate whether the statement is true or false
The Federal Government has power to make laws for the peace order and good government of Canada
3)Systemic discrimination can occur even if there was no intention to discriminate against a certain group. Indicate whether the statement is true or false
A company has 30 days in payables, 15 days in inventory, and 20 days sales outstanding. How many days are in the company's cash conversion period?
A. 5 B. 25 C. 45 D. 65