A precedent is a future legal decision
a. True
b. False
Indicate whether the statement is true or false
False
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Some analysts prefer the indirect method for the preparation of the cash flow statement because the size and direction of the items reconciling net income to net operating cash flow provide a yardstick for measuring the:
A. current ratio. B. rate of dividends. C. return on assets. D. quality of earnings.
Ultimately, the amount of steel sold to General Motors depends on the consumers' demand for GM cars and trucks. From the standpoint of the steel manufacturer, which of the following demand forms is most pertinent?
A) derived demand B) inelastic demand C) geographic demand D) relational demand E) static demand
Cash flow from investing activities includes
a. cash purchases of property, plant, and equipment. b. cash sales of marketable securities and investments in securities. c. cash sales of property, plant, and equipment. d. cash sales of intangibles. e. all of the above
Tim Talon has been found by a court of law to be guilty of reckless driving and killing a pedestrian as a consequence. His defense was that he was driving under the influence of alcohol and lost control of his automobile. He was subsequently punished for his crime. How would the court classify Tim Talon's case for intent?
A) general intent crime B) criminal intent crime C) nonintent crime D) specific intent crime