According to GAAP, what must a company's statement of cash flows show?
What will be an ideal response?
* cash provided by or used in its operating activities?* cash provided by or used in its investing activities?* cash provided by or used in its financing activities?* net increase or decrease in its cash, the reconciling difference between beginning and ending cash reported on the balance sheet at year end.
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Departmental operating expenses may be either direct or indirect
a. True b. False Indicate whether the statement is true or false
Both the direct and indirect organizational methods of bad news should start with _____
A) a buffer B) reasons for the bad news C) the bad news D) alternatives to the bad news E) the main idea in the first sentence
You are a salesperson trying to sell traffic lights to a county government official, but you have become convinced that there is not going to be a purchase. If you are 100 percent sure that you cannot overcome your prospect's objection and the prospect is not going to buy at this time, you should:
A. assume you have encountered a hopeless objection. B. ask for the order anyway. C. end the sales interview as quickly and politely as possible. D. re-address major customer benefits. E. ask for another appointment later and give the prospect a brochure.
When a business records an accrued utility liability, the Utilities Expense account is credited
Indicate whether the statement is true or false