A friend of yours says: "Its easy to look at the statement of cash flows and see that a company has been profitable, because positive cash flows are equal to profitability.". Is your friend right? Explain
No, he or she is not correct. It is possible to report a net loss and still experience a net increase in cash.
First, a company could report large noncash charges against net income, such as depreciation and various types of losses. Thus, it is possible that net cash provided by operating activities is positive even though a net loss is reported. Second, the net loss deals only with operating activities. It is possible that a net cash inflow was provided by either investing or financing activities, or both.
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Nureyev danced ________ than the others in the ballet troupe
A) more gracefully B) more gracefuller C) gracefuller D) more graceful
Doug Miller is the owner and operator of Miller's Arcade. At the end of its accounting period, December 31, 2009, Miller's Arcade has assets of $450,000 and liabilities of $125,000. Using the accounting equation, determine the following amounts: a)
Owner's Equity as of December 31, 2009. b) Owner's Equity as of December 31, 2010, assuming that assets increased by $65,000 and liabilities increased by $35,000 during 2010.
What additional information is needed for a global plan than would be for a strictly domestic business?
What will be an ideal response?
A governmental classification based on gender would be subject to strict scrutiny
a. True b. False Indicate whether the statement is true or false