FICA taxes include amounts for Social Security and Medicare
Indicate whether the statement is true or false
T
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Which of the following is an addition to net income when the indirect method is used?
a. an increase in inventory b. a loss on sale of equipment c. a decrease in accounts payable d. an increase in accounts receivable
The portion of the customer's purchasing that a company gets in its product categories is known as ________
A) customer-perceived value B) share of customer C) customer insight D) consumption function E) induced consumption
During 2012, Mark Walker, Inc had cash flow from operations of $330,000, dividends paid totaling $15,000, and equipment purchases of $120,000. The ratio of cash flow from operations to capital expenditures is:
A) 2.63. B) 0.36. C) 2.75. D) 2.88.
A(n) ________ occurs when there is a transfer of both rights and duties under a contract
A) assignment and delegation B) declaration of duties C) assumption of duties D) discharge