There are two alternatives to reporting cash flows from operating activities in the statement of cash flows: (1) thedirect method and (2) the indirect method
a. True
b. False
Indicate whether the statement is true or false
True
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Computed axial tomography services use a series of x-rays to make medical diagnosis. Which of the following characteristics of services is absent in this example?
A) nonstandardization B) inseparability C) intangibility D) difficulty of inventorying
Which of the following is/are not capitalized as an intangible asset?
a. costs of an internally developed patent b. legal costs to defend a patent successfully c. goodwill acquired when a company purchases another company d. costs to purchase a patent e. none of the above
The YTD% shown in Wall Street Journal stock quotes stands for the stock's dividend yield and is
calculated by dividing the amount of the dividend by the stock's opening price on the first day of the year. Indicate whether the statement is true or false
Natasha, age 58, purchases an annuity for $40,000. Natasha will receive $400 per month for the rest of her life. The expected return multiple is 20.0. At age 65, the amount that Natasha may exclude from income is
A. $0. B. $2,800. C. $4,000. D. $2,000.