When using the indirect method of preparing a statement of cash flows, which of the following items would need to be added to net income in order to reconcile to cash provided by operating activities?
A) Increase in accounts receivable
B) Decrease in liabilities
C) Depreciation expense
D) Increase in long-term loan
C
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A cash prelist is
a. a document that records sales returns and allowances b. a document returned by customers with their payments c. the source of information used to prepare monthly statements d. none of the above
Elyse needs to hire some semiskilled workers from the local area. She wants to keep the price of advertising low and not attract any applicants from out of state. Her best external recruitment source would be ___________.
A. specialized publications B. the Internet C. local mass media D. public agencies E. None of the above
ASEAN (Association of Southeast Asian Nations) initially was formed in 1967
A. to counter U.S. actions in Vietnam. B. with the goal of forming a common market and to reduce trade with the outside world. C. to mutually support development through trade. D. with a political purpose, to mutually assist one another against the growing threat of communism in the region.
The tendency of managers to ignore critical information is NOT as serious as the existence of incomplete information.
Answer the following statement true (T) or false (F)