The increasing growth of social media is an example of how Moore's Law can impact the business environment
Indicate whether the statement is true or false
TRUE
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Upon review of Young's Garden Center statement of cash flows, the following was noted: Cash flows from operating activities $ 15,000 Cash flows from investing activities 80,000 Cash flows from financing activities (60,000) From this information, the most likely explanation is that Young's is
a. using cash from operations and selling long-term assets to pay back debt. b. using cash from operations and borrowing to purchase long-term assets. c. using its profits to expand growth. d. using cash from investors to provide for operations
Explain what is meant by dissociation of a partnership.
What will be an ideal response?
Describe the difference(s) between the periodic and the perpetual inventory accounting systems.
What will be an ideal response?
Under accrual basis of accounting, expenses are be matched against revenue:
A) if the earnings process is not complete. B) when cash is collected from the sale of products. C) in the same period as the revenue that it helped to generate. D) when payment is made for costs related to revenue.