Which of the following would cause net income on the accrual basis to be different from (either higher or lower than) "cash provided by operating activities" on the statement of cash flows?
A. Paid advertising expense
B. Purchased supplies for cash
C. Purchased land for cash
D. Paid dividends to stockholder
Answer: B
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Consider Figure 4.1. In the absence of trade, Mexico's producer surplus and consumer surplus respectively equal
a. $120 and $240. b. $180 and $180. c. $180 and $320. d. $240 and $240.
________ is the set of values and the norms of behavior which are approved or sanctioned by a particular society.
A. Social structure B. National culture C. Social stratification D. Cultural pluralism E. Organizational culture
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Indicate whether the statement is true or false
Which of the following statements is true?
A. Treasury bonds have zero default risk. B. The longer the maturity of a bond, the less risky it is. C. The real risk-free rate incorporates an inflation premium. D. Liquidity premium is included only for highly liquid securities. E. The default risk is greater for AAA-rated corporate bonds than for BBB-rated bonds with the same features.