In preparing a statement of cash flows, the reconciliation of net income to cash from operating activities does NOT include

a. loss on sale of operational assets.
b. bond discount or premium amortization for the period.
c. gain on sale of debt and equity securities classified as Trading Securities.
d. adjustment to record debt or equity securities classified as Securities Available for Sale at fair value.


D

Business

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Cost-volume-profit analysis assumes costs and revenues have a close linear approximation

Indicate whether the statement is true or false

Business

A cost that will not be affected by later decisions is termed a(n):

A) historical cost B) differential cost C) sunk cost D) replacement cost

Business

Companies' choices of corporate philanthropy initiatives are influenced by stakeholders in which order:

A. Suppliers, creditors, customers, employees B. Customers, creditors, suppliers, employees C. Employees, local communities, customers, board of directors D. Board of directors, local communities, customers, employees E. Executive staff, customers, employees, suppliers

Business

Under Title VII, workers discriminated against may collect punitive damages

a. True b. False Indicate whether the statement is true or false

Business