If a company used the indirect method in the statement of cash flows, a loss on the sale of plant, property and equipment is an:
a. operating cash outflow.
b. operating cash inflow.
c. investing cash outflow.
d. investing cash inflow.
b
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Which of the following is/are not true?
a. U.S. GAAP and IFRS do not permit the employer to prepare consolidated financial statements with the retirement trust. b. The employer must report the net funded status of each defined benefit retirement plan (that is, the fair value of retirement trust assets minus the retirement trust obligation) as a retained earnings reserve on its balance sheet. c. The employer must report the net funded status of each defined benefit retirement plan and credit (for an overfunded plan) or debit (for an underfunded plan) is to Other Comprehensive Income. d. Notes to the financial statements provide information about investments made by the retirement trust and how trust assets and liabilities changed during a period. e. all of the above
Econ Company produces widgets. Each widget sells for $120, and the company sells approximately 50,000 widgets each year. Unit cost data for the year follows: The unit cost of widgets for direct cost inventory purposes is:
a. $75 b. $45 c. $89 d. $70
In what way has the initial limited legal principle of understanding diversity been expanded?
a. By including group based patterns of inequality at work b. By including greater distinction categories c. By including group based patterns of inequality in society d. By including a greater understanding of national and global diversity terminology
Once a(n) ________ corporation is formed, its existence may not be challenged by anyone, even the state in a direct proceeding for this purpose
a. corporation by estoppel b. de facto corporation c. ultra vires corporation d. de jure corporation