Which of the following should be deducted from net income in calculating net cash flow from operating activities using the indirect method?
A) depreciation expense
B) amortization of premium on bonds payable
C) a loss on the sale of equipment
D) dividends declared and paid
B
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Interest costs are included in the cost of an asset in conjunction with
a. long-term assets being purchased. b. long-term assets acquired for speculative purposes. c. long-term assets being constructed. d. natural resources and intangible assets.
Bluffing is a bargaining tactic that is most likely used in:
A. An unfair labor practice B. Distributive bargaining C. Attitudinal structuring D. Intraorganizational bargaining
A director who does not hold a management position in the corporation is an outside director
Indicate whether the statement is true or false
A manufacturer of cedar shingles has supplied the following data: Bundles of cedar shakes produced and sold 360,000Sales revenue$2,412,000Variable manufacturing expense$1,170,000Fixed manufacturing expense$714,000Variable selling and administrative expense$414,000Fixed selling and administrative expense$82,000Net operating income$32,000 The company's contribution margin ratio is closest to:
A. 65.7% B. 34.3% C. 27.4% D. 72.6%