Last year Sheeder Company's cash account decreased by $10,000. Net cash flows from investing activities was $19,000. Net cash flows from financing activities was $(17,000). On the statement of cash flows, the net cash flows from operating activities was:
A) $(12,000).
B) $(3,000).
C) $(10,000).
D) $7,000.
A
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An obligation imposed by law where there has been no agreement or expression of assent by word or act on the part of either party involved is a(n):
a. implied in fact contract. b. express contract. c. void contract. d. quasi contract.
Rona and Savannah do business as Treasure Island Traders. Acting in good faith on the firm's behalf in a deal with Unlimited Potential, Inc, Rona makes an honest error in overestimating the profit. To her firm, Rona is
a. liable for breach of the duty of care. b. liable for breach of the duty of economic sense. c. liable for breach of the duty of loyalty. d. not liable.
Destruction of documents related to the financial reports of a company carries a 20-year penalty
Indicate whether the statement is true or false
In a lease agreement, the lessor is the landlord, and the lessee is the tenant
Indicate whether the statement is true or false