Under both U.S. GAAP and IFRS, nonmonetary transactions do not appear in the statement of cash flows as investing or financing activities, because they do not help in explaining the change in cash. Firms must disclose nonmonetary investing and financing activities in _____
a. the body of the statement of cash flows, only
b. a separate schedule, only
c. a note, only
d. the body of the statement of cash flows, in a separate schedule, or in a note
e. none of the above
D
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In entering transactions concerned with sales of merchandise, which of the following accounts is(are) usually needed?
a. Sales; b. Sales Tax Payable; c. Sales Returns and Allowances; d. all of these; e. none of these
A common difficulty in the handling of many substitute goods or services is that _____
a. inventory turnover may increase b. one-stop shopping may not be promoted c. scrambled merchandising is achieved d. overall sales may not increase
Because of budget cutbacks, you must lay off your receptionist. What is the best way for you to deliver this message?
A) Send her an e-mail message. B) Send her a brief text message. C) Meet with her in a face-to-face conversation. D) Leave her a voice mail message.
While preparing an electronic résumé that can be scanned accurately, _____.?
A) ?use a nontraditional résumé format B) ?include italics, underlining, open bullets, or graphic lines and boxes C) ?use popular, nondecorative typefaces D) ?keep white space to a minimum