A vested remainder subject to partial divestment exists when a remainder is given to a group which can expand in size
Indicate whether the statement is true or false
True
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Cash flows from operating activities, as part of the statement of cash flows, include cash transactions that enterinto the determination of net income
a. True b. False Indicate whether the statement is true or false
Las Palmas Company reported the following items on its financial statements for the year ending December 31, 2016: Sales $ 560,000 Cost of goods sold $400,000 Salary expense 40,000 Interest expense 30,000 Dividends 30,000 Income tax expense 25,000 How much will be reported as retained earnings on Las Palmas' balance sheet at December 31, 2016, if this is the first year of operations?
a. $ 45,000 b. $ 35,000 c. $ 85,000 d. Not enough information is provided.
Answer the following statements true (T) or false (F)
Conservatism has been called the dominant principle of accounting.
What problems does avoiding pronouns cause?
a. poor fluency b. worse sentence structure c. passive voice d. all of the above