When a principal accepts the consequences of the activities of a person who had previously not been the principal's agent, the principal:
a. ratifies the agency b. reissues the agency c. delimits the agency d. cancels the agency e. exposes the agency
a
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A subsidiary is a separate legal entity that is owned or controlled by another entity
a. True b. False Indicate whether the statement is true or false
A supermarket has developed an analog model to aid in its site-selection process. The model contains variables such as _____
a. traffic counts, visibility, and manager ability b. trading-area population and expected market share c. disposable income, retail sales, and population d. competition, store size, and total retail sales
Because the public considers TV the most authoritative and influential medium, it is able to offer advertisers a prestigious image.
Answer the following statement true (T) or false (F)
Packard Company engaged in the following transactions during Year 1, its first year of operations: (Assume all transactions are cash transactions.) 1) Acquired $1800 cash from the issue of common stock. 2) Borrowed $1270 from a bank. 3) Earned $1450 of revenues. 4) Paid expenses of $420. 5) Paid a $220 dividend. During Year 2, Packard engaged in the following transactions: (Assume all transactions are cash transactions.) 1) Issued an additional $1175 of common stock. 2) Repaid $815 of its debt to the bank. 3) Earned revenues of $1600. 4) Incurred expenses of $700. 5) Paid dividends of $270. What is the net cash inflow from operating activities that will be reported on Packard's statement of cash flows for Year 1?
A. $905. B. $1030. C. $1890. D. $1175.