Which of the following items would be deducted from net income to determine net cash provided by operating activities using the direct method?
A) loss on sale of plant assets and amortization of bond payable discount
B) amortization of bond payable premium and gain on sale of equipment
C) amortization expense and gain on sale of equipment
D) None of these choices would be deducted from net income
D
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Once consumers have recognized a need, they begin to search for ways to satisfy that need. The internal search is characterized by
A. reading consumer reviews. B. examining personal memories and knowledge. C. consulting close friends and families. D. analyzing brand advertising. E. searching a company's website.
Termination by fulfillment means the project is completed fully
Indicate whether the statement is true or false
Jon says to Kristy, "I would like to sell you my sports memorabilia collec-tion." This is not an offer because it? A) does not describe the subject matter sufficiently
B) does not include a price term. C) only expresses an opinion. D) ?only invites Kristy to negotiate.
Your company contracted for a 30-second commercial (an advertisement) that aired during the Super Bowl at a cost of $1.2 million. It is legally obligated to pay for the commercial, but has not yet done so. How is your company's balance sheet affected on the day the commercial aired?
A. It increases both assets and liabilities by $1.2 million. B. It increases liabilities and decreases stockholders' equity by $1.2 million each. C. It increases assets and decreases stockholders' equity by $1.2 million each. D. It does not affect the balance sheet.