Which one of the following is a correct basic structure of the cash flow statement?
A) Cash flows provided (used) by operating activities + / - cash flows provided (used) by business activities + / - cash flows provided (used) by financing activities = net increase (decrease) in cash
B) Cash flows provided (used) by operating activities + / - cash flows provided (used) by investing activities + / - cash flows provided (used) by business activities = net increase (decrease) in cash
C) Cash flows provided (used) by operating activities + / - cash flows provided (used) by financing activities + / - net change in working capital = net increase (decrease) in cash
D) Cash flows provided (used) by operating activities + / - cash flows provided (used) by investing activities + / - cash flows provided (used) by financing activities = net increase (decrease) in cash
D
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The following information was taken from the financial statements of Brandon's Motor Shop: Total current assets $ 53,000 Property, plant, and equipment 6,000 Current liabilities 21,000 Long-term liabilities 4,000 Owner's equity 34,000 Beginning inventory 31,000 Ending inventory 33,000 Cost of goods sold 152,000 Net income 42,000 The current ratio for Brandon's Motor Shop is closest to
a. 1.3 to 1. b. 2.4 to 1. c. 2.5 to 1. d. 1 to 2.5.
Individuals who benefit without paying are called ______.
A. consumers B. free riders C. externalities D. resource leeches
An ad in a newspaper or a circular describing goods and stating prices would generally be considered:
a. a firm offer if made by a merchant. b. an offer if made by a merchant, but not a firm offer. c. an offer irrespective of who made the offer. d. an invitation to buyers to make an offer to buy goods.
Regarding knowledge transfer, relational dimension factors include trust and collaboration among virtual and global project team members
Indicate whether the statement is true or false