Social media enables people to form communities, which are groups of people related by acommon interest
Indicate whether the statement is true or false
TRUE
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For a firm using the indirect method to prepare cash flows from operating activities, a decrease in a company's pension liability account should be deducted from net income to arrive at cash flow from operating activities.
Answer the following statement true (T) or false (F)
An argument raised by opponents to the FASB's proposal that employee stock options should be recognized as an expense was that it could:
A. violate the cost-benefit rule. B. violate the historical cost principle. C. jeopardize compliance with contract terms and conditions. D. violate materiality concepts.
Which of the following statements is true of price lines?
A. Buyers cannot be offered a wide variety of merchandise at each established price. B. Price lines enable a seller to reach several market segments. C. Firms have to carry a larger total inventory than it could without price lines. D. Price lines are advantageous when costs rise continually.
Sawaddee Enterprises began the year with total assets of $450,000 and total liabilities of $230,000 . If Sawaddee's total assets doubled to $1,000,000 and its owners' equity remained the same during the year, what was the amount of its total liabilities at the end of the year?
a. $220,000 b. $680,000 c. $780,000 d. $900,000