In preparing a statement of cash flows using the indirect method, an increase in an unearned revenue account should
a. be shown as a financing activity.
b. be shown as a deduction from net income in computing net cash flows from operating activities.
c. not be shown on the statement of cash flows.
d. be shown as an addition to net income in computing net cash flows from operating activities.
D
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The duration of an advertising campaign is affected by:
A) both the reach and frequency of the campaign B) the reach of the campaign, but not the frequency C) the frequency of the campaign, but not the reach D) neither the reach or frequency of the campaign
________ are appropriate when there is a single measurement of each element in the sample, or there are several measurements of each element but each variable is analyzed in isolation
A) Interdependence techniques B) Dependence techniques C) Multivariate techniques D) Univariate techniques
Storage reduces time utility for buyers and sellers
Indicate whether the statement is true or false a. True b. False
Wolanski Corporation has provided the following data for its most recent year of operations: Selling price per unit$48Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials$11Direct labor$5Variable manufacturing overhead$5Fixed manufacturing overhead per year$110,000Selling and administrative expenses: Variable selling and administrative expense per unit sold$4Fixed selling and administrative expense per year$71,000 Units in beginning inventory 0Units produced during the year 11,000Units sold during the year 8,000Units in ending inventory 3,000 The net operating income (loss) under absorption costing is closest to:
A. $136,000 B. $33,000 C. $104,000 D. $3,000