________ demand items are final products demanded by an external customer
A) Dependent
B) Independent
C) External
D) Integrated
Answer: B
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An ________ is important when a letter of transmittal is not included in a formal report
A) introduction to the report B) offer to provide additional information or assistance C) authorization of the report D) acknowledgment of help received while preparing the report E) executive summary
The ____________________ effect of interest expense on net income equals one minus the marginal tax rate times the interest expense
Fill in the blank(s) with correct word
Pull & Co reported net income for the current year. Which of the following business transactions would cause cash from operating activities to be higher than the amount of net income?
A) Cash dividends were paid to stockholders during the year. B) Depreciation expense was recorded for the year. C) A bank loan was repaid during the year. D) Equipment was purchased for cash during the year.
Worldwide banking group HSBC moving its back-office operations to China and India is an example of ________
A) franchising B) liquidating C) offshoring D) internetworking E) cloud computing