The states have powers as well, but they do not include "police power," the power to make laws that protect or promote the public health, safety, morals, and general welfare
Indicate whether the statement is true or false
F
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The process of developing an organization's corporate social responsibility program begins when a firm incorporates a focus on fulfilling the economic, legal, ethical and philanthropic dimensions into its
A. marketing strategy. B. advertising strategy. C. vision statement. D. mission statement. E. business plan.
______ are also called the unspoken rules of a group that shape behavior and attitudes.
a. Objectives b. Norms c. Strategies d. Policies
Most audits result in unqualified audit opinions.
Answer the following statement true (T) or false (F)
Based on the following income statement and balance sheet for Bankowski Corporation, determine the cash flows from operating activities using the indirect method.Bankowski CorporationIncome StatementFor Year Ended December 31, 20X2Sales?$504,000?Cost of goods sold $327,600 ??Depreciation expense33,000 ??Other operating expenses 125,500 (486,100)Other gains (losses):??? Gain on sale of equipment? 5,200?Income before taxes?$ 23,100?Income tax expense? (4,800)Net income?$ 18,300?????Bankowski CorporationBalance SheetsAt December 31Assets20X2?20X1? Cash$ 62,650? $ 55,800 ? Accounts receivable 21,000 ? 29,000 ? Inventory 58,000 ? 52,100 ? Equipment
240,000 ? 222,000 ? Accumulated depreciation (97,000)?( 96,000) Total assets$284,650 ?$262,900 ?????? Liabilities:???? Accounts payable $ 28,400 ? $ 23,700 ? Income taxes payable 1,050 ? 1,200 ? Total liabilities$ 29,450?$ 24,900?Equity:???? Common stock $106,000 ? $106,000 ? Paid-in Capital in excess of par value 18,000 ? 18,000 ? Retained earnings 131,200 ? 114,000 ? Total equity$255,200?$238,000?Total liabilities and equity$284,650?$262,900? What will be an ideal response?