The following items were reported on the balance sheets and income statement for Bezos Corp: Accounts payable, December 31, 2016 $ 42,000 Accounts payable, December 31, 2017 48,000 Operating expenses 286,000 How would the change in accounts payable be reported in the operating activities section of the statement of cash flows under the indirect method?
a. As an addition to operating expenses
b. As a deduction from operating expenses
c. As an addition to net income
d. As a deduction from net income
c
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How can a social media specialist improve customer service, thereby increasing sales?
A) Respond quickly B) Delete the blog post addressing the issue C) Monitor consumer opinions and guidance D) Limit online chatter E) Add an RSS link for customers
Which of the following statements is true?
A. By using a work sheet to prepare adjusting entries you need not post these entries to the ledger accounts. B. The work sheet can be substituted for preparing financial statements. C. Closing entries are only necessary if errors have been made. D. Retained earnings must be closed each accounting period. E. A post-closing trial balance should include only permanent accounts.
Jared uses his computer to secretly install software on thousands of personal computers without their owners' knowledge. The program can reproduce itself and spread from one computer to another via any USB port. This program is
A. a hacker. B. a bot. C. a virus. D. a worm.
Alienation is a transfer of land ownership
Indicate whether the statement is true or false