Frankin Corporation's net cash provided by operating activities was $192; its capital expenditures were $154; and its cash dividends were $27. The company's free cash flow was:
A. $373
B. $38
C. $11
D. $165
Answer: C
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Indicate whether the statement is true or false
The generation-skipping tax is designed to accomplish which of the following?
A. Generate additional revenues to supplement the estate tax. B. Eliminate the possibility that the estate tax can be avoided by gifts in contemplation of death. C. Replace the gift tax on distributions from trusts. D. Prevent the avoidance of transfer taxes (both estate and gift tax) through transfers that skip a generation of recipients. E. None of the choices are correct.
Policies and programs meeting public needs can be achieved most effectively and responsibly through ________ and ________.
A) Power; jurisdiction B) Collective efforts; collaborative processes C) Empowerment; collective input D) Decision making; authority
Vicki entered into a written contract to buy a car from Valley Motors. During the negotiations, the sales representative said that the car had a two-year full warranty. The written contract included a provision that stated, "This writing is the full and final expression of the parties' agreement; anything said before signing or while signing is irrelevant." The written contract did not include a
warranty. Two months after Vicki took delivery of the car, she discovered that the transmission needed to be replaced. Vicki claimed that it was covered by the full warranty. Will Vicki be able to present evidence as to the sales representative's statements concerning the warranty? a. No. The parol evidence rule will most likely exclude any evidence of the discussion of the warranty. b. Yes. The leading object rule will allow evidence as to the discussion of the warranty. c. Yes. The evidence is needed because the contract is ambiguous. d. No, because the contract was fully executed.