Management should not use the statement of cash flows for which of the following purposes?
a. To determine dividend policy
b. To determine cash flow from operations
c. To determine cash flow from investing activities
d. To determine cash flow from financing activities
e. To determine the balance in accounts receivable
E
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The utilitarian function relates to the basic principles of reward and punishment
Indicate whether the statement is true or false
The cost of office supplies to be used in future periods is ordinarily shown on the balance sheet as a(n)
A) capital B) asset C) contra asset D) liability
No offer can be accepted by silence.
Answer the following statement true (T) or false (F)
When developing a pro forma balance sheet which of the following is typically the LAST item to be estimated?
A) inventory B) total assets C) external financing D) cash