Kaiya is a sales representative of TriColor. Kaiya owes a fiduciary duty to TriColor
a. True
b. False
Indicate whether the statement is true or false
True
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[APPENDIX] A decrease in deferred taxes (liability) would appear on the statement of cash flows, prepared using the indirect method as a(n)
a. addition to net income in the operating activities category. b. deduction to net income in the operating activities category. c. inflow of cash in the financing activities category. d. outflow of cash in the financing activities category.
Rod paid $1,000 for the month's rent. This transaction would
a. increase an asset and decrease an asset; b. increase an asset and increase a liability; c. decrease an asset and increase owner's equity; d. decrease an asset and decrease owner's equity; e. increase two asset accounts
Answer the following statements true (T) or false (F)
1. The time value of money is used to determine the market price of a bond. 2. Simple interest means that interest is calculated on the principal and on all previously earned interest. 3. A stream of unequal cash payments made at equal time intervals is called an annuity. 4. Compound interest means that interest is calculated only on the principal amount. 5. The process for calculating present values is often called present valuing cash flows.
Which of the following documents sets forth the terms and conditions of a franchise?
A) the FTC disclosure document B) the franchise agreement C) the articles of incorporation D) the articles of organization