At the end of the first year of operations, the balance sheet of West Palm Beach Industries had the following balances: Accounts Receivable, $5,000; Accounts Payable, $6,000; Inventory, $3,000; and Unexpired Insurance, $2,000 . The corporation reported net income of $79,000 for the year, including depreciation expense of $5,000, and uses the indirect method of computing net cash flow from
operating activities. Based on this information, net cash flow from operating activities is:
a. $82,000
b. $78,000
c. $80,000
d. $77,000
c
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A) limit website access from B) not respond to C) diligently guard and defend against D) identify corporate policy for E) hide unhappy customers and their potential for damage away from
Barre plans to sell 5,000 units each quarter next year. During the first two quarters each unit will sell for $12; during the last two quarters the sales price will increase $1.50 per unit. What is Barre's estimated sales revenue for next year?
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Which of the following is not true regarding the treatment of multiyear pledges, according to FASB Statement 116?
A. They should be reported net of an allowance for estimated uncollectibles. B. At the end of each accounting period, the difference between the new and previously recorded present value is recorded as interest revenue. C. They should be recorded as temporarily restricted. D. They are recorded at the present value of future collections.
The legality of nonprice vertical restraints of trade under Section 1 of the Sherman Act is examined by using the rule of reason
Indicate whether the statement is true or false