An identity matrix has 1's in all positions of the matrix
Indicate whether the statement is true or false
FALSE
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Assume the indirect method is used to compute net cash flows from operating activities. For this item extracted from the financial statements—Increase in Accounts Receivable—indicate the effect on net income in arriving at net cash flows from operating activities by choosing one of the following:
a. Add to net income to arrive at net cash flows from operating activities b. Subtract from net income to arrive at net cash flows from operating activities c. Not used to adjust net income to calculate net cash flows from operating activities
Stakeholders use only accounting reports as the source of information to base all of their business decisions
Indicate whether the statement is true or false
The base amount for vertical analysis of net income is ________
a. net sales b. total assets c. total stockholders' equity d. total liabilities
The car-related website and media company, Edmunds, provides reviews and ratings of vehicles and is well respected by individuals in the car industry as a neutral source. Consumers appreciate their advice and information and know they can trust Edmunds for non-biased information. In addition to its own website and magazine, Edmunds is using the ________ Pinterest to post photos and links to recent articles as well as answer questions posed by members of Pinterest.
A. bulletin-board site B. blog C. wiki D. podcast