McRae Corporation's total current assets are $380,000, its noncurrent assets are $500,000, its total current liabilities are $340,000, its long-term liabilities are $250,000, and its stockholders' equity is $290,000. Working capital is:
A. $40,000
B. $380,000
C. $250,000
D. $290,000
Answer: A
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A) can help your audience accept it. B) will increase your credibility. C) may be unethical or illegal. D) will allow the situation to resolve itself. E) can forestall legal action.
Assume the indirect method is used to compute net cash flows from operating activities. For this item extracted from the financial statements-Decrease in Accrued Liabilities-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.
Ted loaned his snow blower to Rajesh but told him he had to return it by January 7 when Ted would be home from vacation
Ted went to Rajesh on January 7 and asked for it back, but Rajesh said he had taken it to his chalet up north and was keeping it as Ted owed him money for a fence repair and the snow blower was worth about that much. As a result Rajesh is A) liable for trespass to goods B) liable for conversion C) liable for negligence D) liable for inducing breach of contract E) not liable for anything if the snow blower is the same value as the fence repair
Define a successful solution using subjective measures, if possible.
Answer the following statement true (T) or false (F)