A cash flow per share amount should be reported on the statement of cash flows
Indicate whether the statement is true or false
False
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Participial phrases act as adverbs
Indicate whether the statement is true or false
Valdez Co. sold land that had cost $48,000 for $60,000 cash. Which of the following statements is true about this transaction?
A. The $12,000 gain would be subtracted from net income in the operating activities section prepared using the indirect method and $60,000 would be reported as a cash inflow from investing activities. B. $48,000 would appear as a cash inflow from investing activities and $12,000 would be added in the operating activities section using the indirect method. C. $60,000 would appear as a cash inflow from investing activities. D. The $12,000 gain would be subtracted from net income in the operating activities section using the direct method.
Refer to the figure. What is the constraint associated with node 2?
A) X12 - X24 = 0 B) X12 - X32 - X24 = 0 C) X12 + X32 - X24 = 1 D) X12 - X32 + X24 = 0 E) X12 + X32 - X24 = 0
Answer the following: a. What is a quorum of the board of directors for purposes of conducting corporate business? What do most states and the RMBCA say with regard to what constitutes a quorum? b. The directors of Schmalley's, Inc can't decide whether
to declare a dividend, so the board appoints a committee consisting of the president of the corporation, the vice-president of the corporation, and the treasurer to decide whether to pay a dividend. If the committee wants to declare a dividend, the directors say the officers can pay it immediately before the next board meeting. Is this a permissible delegation of corporate authority? Explain.