In preparing the statement of cash flows by the indirect method, noncash revenues and gains are added to net income.
Answer the following statement true (T) or false (F)
False
Since gains increase net income and losses decrease net income, but neither represents the amount of cash received from an asset sale, gains must be subtracted from and losses added back to net income to determine net cash flow from operating activities. Like gains, any noncash revenues must be subtracted from net income to determine net cash flow from operating activities.
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There is a different XBRL taxonomy for each country, including XBRL Australia, XBRL Canada, XBRL Germany, XBRL Japan, XBRL-Netherlands, XBRL-US, and XBRL-UK. What would happen if there were only one XBRL taxonomy for all countries?
What will be an ideal response?
If “firing” a guest becomes necessary, the organization should ______.
a. give the guest’s money back b. try to preserve the guest’s dignity c. let the guest decide when to leave d. call security to ensure the guest leaves
Digital catalogs offer all of the following benefits EXCEPT ________
A) presenting an almost unlimited amount of merchandise B) offering a broad assortment of presentation formats, including search and video C) adding and removing products as needed D) adjusting prices instantly to meet demand E) touching the product
The indirect plan for a bad-news message emphasizes the reasons rather than the bad news itself
Indicate whether the statement is true or false