Which would NOT be subtracted from net income in the operating section of an indirect cash flow statement?
A) An increase in Prepaid Rent
B) An increase in Accounts Payable
C) A decrease in Salary Payable
D) An increase in Accounts Receivable
B) An increase in Accounts Payable
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People in the United States do not measure success by job titles or earnings
Indicate whether the statement is true or false.
When a corporation declares a stock dividend, which of the following is true?
A) Cash decreases. B) Equity remains the same. C) Equity decreases. D) Retained earnings increases.
Which budgeting process uses important aspects of a participative management style?
a. incremental budgeting b. zero-based budgeting c. top-down budgeting d. bottom-up budgeting
Net income divided by average total assets is:
A. Current ratio. B. Days' income in assets. C. Total asset turnover. D. Return on total assets. E. Profit margin.