Any person authorized to draw a check may stop payment of it.
Answer the following statement true (T) or false (F)
True
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Assume the indirect method is used to compute net cash flows from operating activities. For this item extracted from the financial statements—Increase in Accounts Receivable—indicate the effect on net income in arriving at net cash flows from operating activities by choosing one of the following:
a. Add to net income to arrive at net cash flows from operating activities b. Subtract from net income to arrive at net cash flows from operating activities c. Not used to adjust net income to calculate net cash flows from operating activities
The main goal of total quality management is to reduce product costs
Indicate whether the statement is true or false
When no-par common stock with a stated value is issued for cash, the common stock account is credited for an amount equal to the cash proceeds
Indicate whether the statement is true or false
As a venture founder, which of the following is one thing you must do?
a. Always allow others to make venture decisions b. Do not promise stock to anyone other than a rock-solid core venture team member c. Always promise stock to anyone who helps you with your venture d. Hire the cheapest team members