Under the direct method of reporting cash flows, net income is adjusted for transactions impacting both net income and cash flows, but in different ways
a. True
b. False
Indicate whether the statement is true or false
False
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Comprehensive income represents
A) net income plus "other comprehensive income." B) net income less dividends paid. C) retained earnings plus net income. D) retained earnings plus "other comprehensive income."
Brand mantras typically are designed to capture the brand's points-of-________
A) conflict B) parity C) inflection D) difference E) presence
Which of the following is NOT one of the basic modes of transportation?
a. air b. rail c. wormhole d. pipeline
A business maintains subsidiary accounts for each of its customers On May 15, the business sells services on account: $2,100 to customer J. Simmons; $4,000 to customer A. Jones; and $1,500 to customer J. Williams. Which journal entry is needed to record this sales transaction?
A) May 15 Accounts Receivable 7,600 Service Revenue 7,600 B) May 15 Accounts Receivable - J. Simmons 2,100 Accounts Receivable - A. Jones 4,000 Accounts Receivable - J. Williams 1,500 Service Revenue 7,600 C) May 15 Service Revenue 7,600 Accounts Receivable 7,600 D) May 15 Accounts Receivable Control 7,600 Sales Revenue 7,600 May 15 Accounts Receivable - J. Simmons 2,100 Accounts Receivable - A. Jones 4,000 Accounts Receivable - J. Williams 1,500 Accounts Receivable - Control 7,600