Which of the following events would be classified as an operating activity in a statement of cash flows?
A) receipt of a cash dividend from an equity investment
B) sale of a long-term investment
C) issuing notes payable
D) payment of cash dividends
A
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Teams that work together but are geographically dispersed are often called ______.
a. free-riding b. geographically nonconforming c. outsiders d. virtual teams
The matching rule relates the least to
A) income measurement. B) the cash basis of accounting. C) revenues and expenses. D) a direct relationship between expenses and revenues.
The U.S. Constitution reserves to the states or to the people:
a. powers also delegated to the federal government by the Constitution. b. the powers the Constitution does not prohibit to the states. c. police power. d. employee safety matters.
Revenue expenditures are also called balance sheet expenditures.
Answer the following statement true (T) or false (F)