The amortization of bond discount related to long-term debt should be presented in a statement of cash flows prepared using the indirect method as a(n)

a. inflow and outflow of cash.
b. outflow of cash.
c. deduction from net income in the adjustments to reconcile net income to cash from operating activities.
d. addition to net income in the adjustments to reconcile net income to cash from operating activities.
e. None of these is correct.


D

Business

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Process costing techniques should be used in assigning costs to products:

a. If the product is manufactured on the basis of each order received. b. In all manufacturing situations. c. When production is only partially completed during the accounting period. d. If the product is composed of mass-produced homogeneous units.

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  Figure 4-5Considering Figure 4-5 above, a college education would be found in what level of the Maslow hierarchy of needs?

A. personal B. social C. safety D. self-actualization E. physiological

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List and describe Schwartz’s ten universal values. How might our values priorities influence our behaviour?

What will be an ideal response?

Business