Common uses of the statement of cash flows include all but which of the following?
A. Creditor evaluation of a company's ability to generate cash to cover debt.
B. Management determination of the specific sources and uses of cash.
C. Investor assessment of cash flows before buying and selling stock.
D. Government assessment of whether company is able to pay taxes as they become due.
E. Management prediction of future cash flows for decision making.
Answer: D
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Congruence refers to a situation where the group means well but does not function effectively.
Answer the following statement true (T) or false (F)
Exhibit 22-5 Daniel Company, having a fiscal year ending on December 31, discovered the following errors in 2016: · A collection of $12,000 from a customer for rent related to January, 2017, was recorded as revenue in 2016. · Depreciation was understated by $600 in 2016. · The January 1, 2015, inventory was overstated by $10,000. · The January 1, 2016, inventory was understated by $6,000. ·
Insurance premiums of $2,000 that relate to 2017 were expensed in 2016 when paid. ? Assume no other errors have occurred and ignore income taxes. ? Refer to Exhibit 22-5. Total assets at December 31, 2016, were A) overstated by $1,400. B) overstated by $4,600. C) understated by $4,600. D) understated by $1,400.
Effective protection of intellectual property is necessary to obtain
A. financial investment in an undertaking. B. conceptual roots going back centuries. C. zero marginal gains. D. increased diminishing returns.
An important company initiative for helping employees reduce work-life conflict is to offer
A) anger-management training. B) company-sponsored medical insurance. C) early retirement with severance pay. D) flexible working hours.