Which of the following is not added to net income as an adjustment to reconcile net income to cash from operating activities on the statement of cash flows?
a. Increase in an accrued liability
b. Amortization of discount on bond payable
c. Loss on sale of operational asset
d. Increase in deferred tax asset
e. None of these answers is correct.
D
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Shareholders are also called
A. bondholders. B. brokers. C. stockholders. D. debt-holders.
The billing department is not responsible for
a. updating the inventory subsidiary records b. recording the sale in the sales journal c. notifying accounts receivable of the sale d. sending the invoice to the customer
The articles of partnership for Paxton-Robson Partnership provide for a salary allowance of $5,000 per month for partner Robson, with the balance of net income to be divided equally. If Robson made an additional investment of $10,000 during the year and withdrew $4,000 per month, and net income for the year was $80,000, by what amount did Robson's capital increase during the year?
A) $80,000 B) $12,000 C) $60,000 D) $32,000
Title VII of the 1964 Civil Rights Act does not protect against employment discrimination based on disabilities
a. True b. False Indicate whether the statement is true or false