The only difference between the direct and the indirect methods is the:
a. presentation of the cash flows from investing activities.
b. presentation of the cash flows from financing activities.
c. presentation of the cash flows from operating activities.
d. presentation of the cash flows from noncash activities.
c
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Which of the following accounts could decrease as a result of adjusting entries?
a. Office Supplies b. Accumulated Depreciation–Buildings c. Wages Expense d. Revenue from Services
Seizing of control of a business by purchasing its stock to be able to select the board of directors refers to a(n):
A. earn-out. B. buy-in. C. merger. D. takeover.
The activities that are conducted within the promotions segment of the marketing mix are types of communication
Indicate whether the statement is true or false
After the adjusting entries and the first two closing entries, the Income Summary account has been debited for $33,000 and credited for $43,000 . When the net income/loss is transferred and the Income Summary account is closed, what will be the journal entry for this transaction?
a. Debit Capital and credit Income Summary b. Debit Capital and credit Net Income c. Debit Income Summary and credit Capital d. Debit Income Summary and credit Drawing e. Debit Income Summary and credit Sales