A firm has just ended its calendar year making a sale in the amount of $150,000 of merchandise purchased during the year at a total cost of $112,500. Although the firm paid in full for the merchandise during the year, it is yet to collect at year end from the customer. The net profit and cash flow from this sale for the year are ________.
A) $0 and $150,000, respectively
B) $37,500 and -$150,000, respectively
C) $37,500 and -$112,500, respectively
D) $150,000 and $112,500, respectively
C) $37,500 and -$112,500, respectively
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Financial accounting information is determined objectively and is verifiable, whereas management accounting usually represents subjective estimates of future events
Indicate whether the statement is true or false
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A. legitimate power. B. coercive power. C. reward power. D. referent power.
Explain the difference between Bivens actions and § 1983 actions
What will be an ideal response?