A decrease in prepaid expenses of $8,000 for the year:
A. increases cash flow from operating activities by $8,000.
B. decreases cash flow from operating activities by $16,000.
C. decreases cash flow from operating activities by $8,000.
D. increases cash flow from operating activities by $16,000.
Answer: A
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Which of the following concepts was referred to as a convention in SFAC No. 2?
a. Consistency b. Materiality c. Comparability d. Conservatism
A destination contract requires the seller to give proper and adequate notice to the buyer
Indicate whether the statement is true or false
Scenario 15.1 Use the following to answer the questions. When introducing a new vehicle targeted to the under-30 population, Toyota used several different methods of communication. First, it did research in several large cities to find out who the opinion leaders were in that age group. By visiting the local nightlife, one or two people in each city were selected and given a new vehicle to drive for two weeks. They were told to share information about this new vehicle with their friends and through social media. After a few weeks, a television campaign was launched with commercials introducing the new vehicle. Toyota also placed ads in magazines that were targeted to the under-30 age group, and used drive-by billboards in the large cities near the nightclub areas. Refer to Scenario
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The Small Corporate Offering Registration can be used for large offerings of shares for purchase by members of the public.
Answer the following statement true (T) or false (F)