________ is a cash disbursement and ________ is/are an operating expense.
A. Debt; interest
B. Depreciation; cost of goods sold
C. Depreciation; rent
D. Amortization; salaries
Answer: A
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Which of the following is not a supertrend shaping the future of business?
A. more niche products B. information becoming a competitive advantage C. traditional companies struggling with radically innovative change D. offshore suppliers affecting U.S. business E. faster speed-to-market
When using the indirect method for preparing the statement of cash flows, all of the following will appear in the operating activities section except:
a. Increase in deferred tax. b. Depreciation expense on leased assets. c. Interest expense. d. An increase in long-term liabilities.
Describe the value of trust in an organization’s culture What disadvantages will a low- trust culture have for both its employees and overall function, and how are those problems mitigated when a high-trust culture is established?
What will be an ideal response?
During its first year of operations, a company granted employees vacation privileges and pension rights estimated at a cost of $21,500 and $15,000. The vacations are expected to be taken in the next year and the pension rights are expected to be paid in the future 5-30 years. What is the total cost of vacation pay and pension rights to be recognized in the first year?
A) $15,000 B) $36,500 C) $6,500 D) $21,500