Taxpayers who own mutual funds recognize their share of capital gains even if no distributions are received.

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


True

Capital gains realized by mutual funds are passed through to investors for income tax recognition purposes even if no distributions are paid out or the investor chooses to reinvest the distributions.

Business

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Rarely will the cash flows from operating activities, as reported on the statement of cash flows, be the same as thenet income reported on the income statement

a. True b. False Indicate whether the statement is true or false

Business

When using the indirect method, how is an increase in accounts receivable during the year shown on the statement of cash flows?

a. Operating activity b. Investing activity c. Financing activity d. Noncash investing and financing activity

Business

Viruses rarely attach themselves to executable files

Indicate whether the statement is true or false

Business

Technical skill is the cognitive ability to see the selling process as a whole and the relationship among its parts.

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

Business