Although the guidance in U.S. GAAP and IFRS states a preference that companies present cash flows from operations using the _____, most companies present cash flows from operations as _____
a. a reconciliation of net income to operating cash flow (the direct method); direct method
b. direct method; a reconciliation of net income to operating cash flow (the indirect method)
c. cash method; accrual method
d. accrual method; cash method
e. none of the above
B
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The members of the __________ are appointed by the Financial Accounting Foundation
a. American Accounting Association. b. Financial Accounting Standards Board c. Securities and Exchange Commission. d. American Institute of Certified Public Accountants.
Depreciation expense on store equipment for a department store is an indirect expense
Indicate whether the statement is true or false
Indicate whether each of the following statements about liabilities is true or false. ________ a) A net loss on the income statement decreases liabilities.________ b) The acquisition of a bank loan increases both assets and liabilities.________ c) The accounting equation requires that liabilities be equal to equity.________ d) The amount of a company's liabilities is equal to the difference between its assets and its equity.________ e) Liabilities are reported on the statement of cash flows of a business.
What will be an ideal response?
Regarding the competitive environment, a marketing manager usually can
A. control it in the short run. B. control it with the help of the legal environment. C. control it in the long run. D. choose strategies to avoid head-on competition. E. control it with the help of the political environment.