The comparative balance sheets for Flagler Co for 2017 and 2016 indicate that accounts receivable decreased during 2017 . Flagler uses the indirect method of preparing the operating activities section of its statement of cash flows. How will the decrease in accounts receivable be reported on the statement of cash flows?
a. It will be included in the amount of cash and cash equivalents at the end of 2017.
b. It will be deducted from net income in the operating activities section.
c. It will be added to net income in the operating activities section.
d. It will be reported as a cash outflow in the investing activities section.
c
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The marketing mix includes production, price, promotion, and packaging; this is known as the four Ps of marketing
Indicate whether the statement is true or false
The Discount on Bonds Payable account is:
a. an adjunct-liability account. b. a contra-liability account. c. a contra-asset account. d. an income statement account. e. a retained earnings statement account.
As the marketing manager of the ABC company, you understand that gender roles are not as clear as they were years ago. What factors do you consider in your promotion of the company's products to women?
What will be an ideal response?
Goods available for sale are $23,000; beginning inventory is $15,000; ending inventory is $16,000; and cost of goods sold is $40,000. The inventory turnover is: (Round your final answer two decimal places, X.XX)
A) 2.67. B) 2.50. C) 2.58. D) 1.48.