Which of the following is true?
a. Companies usually disclose cash flow per share on their financial statements.
b. Companies usually disclose the sales price of each individual stock transaction on their financial statements.
c. The issuance of a stock dividend is an investing activity.
d. Financing activities can be inflows or outflows of cash.
d
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Monro Inc. uses the accrual method of accounting. Here is a reconciliation of Monro's allowance for bad debts for the current year.Beginning allowance for bad debts?$ 61,150??Actual write-offs of accounts receivable during the year?(80,000)?Addition to allowance? 88,500??Ending allowance for bad debts?$ 69,650???Which of the following statements is true?
A. Bad debt expense per books is $88,500, and the deduction for bad debts is $80,000. B. Bad debt expense per books is $80,000, and the deduction for bad debts is $88,500. C. Bad debt expense per books and the deduction for bad debts is $88,500. D. Bad debt expense per books and the deduction for bad debts is $69,650.
If materiality judgments change during the audit opinion formulation process, what happens to previous audit decisions that were based on the evidence obtained using the initial material setting?
a. They need to be reassessed. b. They need to be noted in the footnotes. c. No action is required. d. None of the above.
Most consumers purchase products from retailers, but a marketer considers many factors when deciding which marketing channel to use. Which statement below identifies the four major factors in selecting a marketing channel?
A)? Product marketing decisions are based on the combined income level of the targeted consumer household. B)? Product marketing decisions are based on the competition's incursion into an organization's market share. C)? Product marketing decisions are based on the marketplace, the product, the organization itself, and the competition. D)? Product marketing decisions are based on the type of product offered. E)? Product marketing decisions are based on whether an organization operates domestically or internationally.
A "merchant" is defined as a person who:
a. is a dealer in a particular type of goods. b. by his occupation holds himself out as having knowledge or skills peculiar to certain goods or practices. c. employs an agent or broker whom he holds out as having such knowledge or skill. d. All of these.