Last year Lawn Corporation reported sales of $115,000 on its income statement. During the year, accounts receivable decreased by $10,000 and accounts payable increased by $15,000. The company uses the direct method to determine the net cash provided by (used in) operating activities on the statement of cash flows. The sales revenue adjusted to a cash basis for the year would be:
A. $100,000
B. $140,000
C. $90,000
D. $125,000
Answer: D
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Scarcity appeals:
A) only work in children's advertising because adults are aware of the ploy B) do not work for children because they cannot process the information C) urge consumers to buy a product because of some kind of limitation D) urge consumers to save money to buy the product later
If the sum of the debits and credits in a trial balance is not equal, then
a. there is no concern because the two amounts are not meant to be equal. b. the chart of accounts also does not balance. c. it is safe to proceed with the preparation of financial statements. d. most likely an error was made in posting journal entries to the general ledger or in preparing the trial balance.
One of the major arguments for preferential treatment in hiring is that such policies are a legitimate means for compensating people for harms they have suffered. To fail to compensate continues a practice of undeserved advantages for white males having to compete in an unfairly restricted job pool and undeserved disadvantages for victims of discrimination.
Answer the following statement true (T) or false (F)
What is a positioning statement? What information should be included in a positioning statement?
What will be an ideal response?