What method starts with the total for net income and adjusts for expenses and revenues not using or producing cash, then removes the effects of nonoperating gains and losses or any balance sheet changes involving non-cash operating accounts?
a. direct method for calculating the cash flows from investing.
b. indirect method for calculating the cash flows from investing.
c. indirect method for calculating the cash flows from financing.
d. direct method for calculating the cash flows from operations.
e. indirect method for calculating the cash flows from operations.
E
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Internal controls may be preventive or detective.Which of the following controls is preventive?
a. Requiring two persons to open mail containing payments. b. Reconciling the accounts receivable subsidiary file with the control account. c. Using batch totals. d. Preparing bank reconciliations.
________ is the term often used to refer to discrimination based on a person's sexual orientation.
Fill in the blank(s) with the appropriate word(s).
The Competitive Equality Banking Act:
a. allowed intermediary banks to become clearinghouses. b. includes a requirement that collecting banks give provisional credit to its subagents. c. has expedited the availability of funds. d. None of these.
Promises made to charitable organizations that depend upon volunteer contributions are generally enforceable without consideration
Indicate whether the statement is true or false