The formula to calculate free cash flow is ________
a. cash flow from operating activities + cash used to purchase fixed assets to maintain productive capacity used up in producing income during the period
b. cash flow from investing activities ? cash used to purchase fixed assets to maintain productive capacity used up in producing income during the period ? cash used for dividends
c. cash flow from financing activities ? cash used to purchase fixed assets to maintain productive capacity used up in producing income during the period ? cash used for dividends
d. cash flow from operating activities ? cash used to purchase fixed assets to maintain productive capacity used up in producing income during the period
d
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When a company is using the direct write-off method, and an account is written off, the journal entry consists of a ________.
A) debit to Accounts Receivable and a credit to Cash B) credit to Accounts Receivable and a debit to Bad Debts Expense C) debit to the Allowance for Bad Debts and a credit to Accounts Receivable D) credit to Accounts Receivable and a debit to Interest Expense
A legitimate merit test is a valid defense to a Title VII discrimination claim
Indicate whether the statement is true or false
Assume that a firm had such serious financial problems that it was about to be liquidated after a
bankruptcy. All of the firm's assets are about to be sold in order to pay the following claims against the firm: bondholders, preferred stockholders, common stockholders, and federal income taxes. Of the claims mentioned, what priority would common stockholders have? A) first B) second C) third D) fourth
The Clean Water Act imposes civil penalties but not criminal penalties for violations
Indicate whether the statement is true or false