In a statement of cash flows prepared by the indirect method, an increase in accounts receivable should be
A) deducted from net income in the operating activities section.
B) added to net income in the operating activities section.
C) reported as an inflow in the investing activities section.
D) reported as an inflow in the financing activities section.
A
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Indicate whether the statement is true or false
Which of the following is true for debentures?
A. They are secured debt securities, unlike bonds. B. They have indentures to protect holders' rights. C. They seldom have terms in excess of five years. D. They are long-term secured debt instruments.
Kovack Corporation's net operating income in Year 2 was $66,571, net income before taxes was $46,571, and the net income was $32,600. Total common stock was $120,000 at the end of both Year 2 and Year 1. The par value of common stock is $2 per share. The company's total stockholders' equity at the end of Year 2 amounted to $962,000 and at the end of Year 1 to $930,000. The company declared and paid $600 dividends on common stock. The market price per share was $4.37. The company's dividend yield ratio for Year 2 is closest to:
A. 0.2% B. 0.5% C. 1.9% D. 1.3%
Misrepresentation of a material fact cannot occur by silence.
Answer the following statement true (T) or false (F)