A trial balance that balances provides proof that all transactions were correctly journalized and posted to the ledger
a. True
b. False
Indicate whether the statement is true or false
False
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If a product is successful in its home country, it is not necessary to test market in new geographic markets
Indicate whether the statement is true or false
Financial statements for Maraby Corporation appear below:Maraby CorporationBalance SheetDecember 31, Year 2 and Year 1(dollars in thousands) Year 2Year 1Current assets: Cash and marketable securities$220 $190 Accounts receivable, net 190 160 Inventory 140 150 Prepaid expenses 70 80 Total current assets 620 580 Noncurrent assets: Plant & equipment, net 1,180 1,150 Total assets$ 1,800 $ 1,730 Current liabilities: Accounts payable$100 $120 Accrued liabilities 100 70 Notes payable, short term 160 160 Total current liabilities 360 350 Noncurrent liabilities: Bonds payable 450 500 Total liabilities 810 850 Stockholders' equity:
Common stock, $5 par 160 160 Additional paid-in capital 200 200 Retained earnings 630 520 Total stockholders' equity 990 880 Total liabilities & stockholders' equity$ 1,800 $ 1,730 Maraby CorporationIncome StatementFor the Year Ended December 31, Year 2(dollars in thousands)Sales (all on account)$1,960 Cost of goods sold 1,370 Gross margin 590 Selling and administrative expense 230 Net operating income 360 Interest expense 50 Net income before taxes 310 Income taxes (30%) 93 Net income$ 217 Maraby Corporation's working capital (in thousands of dollars) at the end of Year 2 was closest to: A. $360 B. $990 C. $260 D. $620
Identify three categories of project manager characteristics. For each category, provide two examples
What will be an ideal response?
Chisholm Associates uses the indirect method to prepare the operating activities section of the statement of cash flows. The following accounts and balances were drawn from the company's accounting records: Beg. Bal.End. Bal.Accounts receivable $60,000 $80,000 Prepaid insurance 9,200 2,000 Accounts payable 48,000 51,600 Unearned revenue 12,800 7,600 Net income for the period was $80,000. What is the net cash flows from operating activities?
A. $65,600 B. $76,000 C. $94,400 D. $70,400