During the year the balance in the Accounts Receivable account increased by $6,000. In order to adjust the company's net income to a cash basis using the direct method on the statement of cash flows, it would be necessary to:
A. subtract the $6,000 from the cost of goods sold reported on the income statement.
B. add the $6,000 to the cost of goods sold reported on the income statement.
C. subtract the $6,000 from the sales revenue reported on the income statement.
D. add the $6,000 to the sales revenue reported on the income statement.
Answer: C
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Technology touches few aspects of life in most developed countries around the world.
Answer the following statement true (T) or false (F)
Competitive advertising may impair the effectiveness of the message due to the fact that it may:
A) not reach the intended recipient. B) reach the intended recipient but is misunderstood. C) reach the intended recipient and is understood, but the recipient may fail to take action. D) get distorted by noise. E) only be in one language.
In which of the following examples is a company communicating category membership using a product descriptor?
A) Use Zipex for quick and thorough cleaning. B) Barry's Oats, when you want nutrition and flavor. C) Clarity offers you the best prices for the best quality. D) Choose Grissom's for an unparalleled shopping experience. E) Chloe: All you need for a beautiful you.
List five possible users of these statements and state what each would be interested in learning from its review