The income statement is an important financial statement for all of the following reasons, except
A) the income statement helps shareholders evaluate management's operating effectiveness.
B) past income statements can be useful indicators in predicting current and future cash dividend payments as well as future stock prices.
C) the income statement provides useful information concerning the corporation's ability to generate sufficient cash flows from operations for use in payment of its operating obligations.
D) the income statement reports the amount of net cash inflows resulting from operating, financing, and investing activities to users.
D
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Answer the following statements true (T) or false (F)
1.Leaders can easily exhibit each of the situational styles 2.The achievement-oriented leadership style (in path-goal) allows followers to strive for higher-level goals. 3.The consultative style of leadership involves true participation in decision-making by followers. 4.If there is great time pressure to get something done, the leader may feel the need to be directive. 5.In Level 4 (delegative) of Hersey/Blanchard, followers are able, willing, and confident enough to take over or accept responsibility for decision-making.
Which one of the following is not an advantage of forming a corporation?
a. A corporation exists separately from its owners. b. A corporation's creditors usually may not go beyond the assets of the corporation to satisfy their claims. c. The corporate form is suited for raising large amounts of money from numbers of capital shareholders. d. Corporations must satisfy many requirements such as those required by the Sarbanes-Oxley Act of 2002.
Borealis Power Company is subject to mandatory workers' compensation laws in the states in which it does business. Chad and Dex work for Borealis as part of a crew that travels to remote locations to repair downed power lines and other damaged
equipment. At a distant site, Chad is injured in an accident that is entirely Dex's fault. Chad files a claim for workers' compensation. Should the claim be granted? What would be Borealis's best defense against it?
When a lumber company takes timber and converts it into lumber, cardboard, and other paper products, the company is using
A. an analytical process. B. extraction manufacturing. C. a synthetic process. D. an operations process. E. raw processing.