The best indicator for assessing a firm's long-term solvency risk is its ability to generate what over a period of years?
a. Sales
b. Earnings
c. Positive cash flows
d. Income from continuing operations
B
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Lauren is listening to a coworker describe a problem with her supervisor. As she listens, Lauren is trying to put herself in her coworker’s situation and understand the real problem between the supervisor and her coworker. Lauren is using _______ skills to complete this task.
A. technical B. human relations C. conceptual and design D. business E. documentation
The transfer of a straight bill gives the transferee greater rights than those of his transferor
Indicate whether the statement is true or false
A judicial authority in one contracting state may request its counterpart in another contracting state to facilitate such discovery activities as the taking of depositions or sworn statements in support of litigation, including labor and employment litigation. This is a convention on the:? A) ?service of judicial and extrajudicial documents in civil or commercial matters
B) ?recognition and enforcement of Foreign Arbitral Awards. C) ?civil aspects of international child abduction. D) ?taking of evidence abroad in civil or commercial matters.
The Income Statement columns of the work sheet prepared for Jolly Auto Service at current year-end are shown below. In addition, B. Jolly, Capital had a credit balance of $235,000 and B. Jolly, Withdrawals had a debit balance of $40,000 at year-end. Prepare closing journal entries for this company. ? Income Statement?Dr.Cr.Service revenue?$130,200Wages expense$43,100?Rent expense16,200?Insurance expense1,800?Shop supplies expense3,500?Depreciation expense-Shop equipment7,000?Totals$71,600$130,200Net income58,600?Totals$130,200$130,200
What will be an ideal response?