Transfer prices can be based on all of the following except:
a. cost based.
b. absorption.
c. negotiated.
d. market based.
c
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In preparing a statement of cash flows (indirect method), cash flows from operating activities
a. is calculated as the difference between revenues and expenses plus the beginning cash balance. b. is always equal to the sum of cash flows from investing activities and cash flows from financing activities. c. can be calculated by appropriately adding to or deducting from net income those items in the income statement that affect cash and accruals for current assets and current liabilities. d. can be calculated by appropriately adding to or deducting from net income those items in the income statement that do not affect cash.
Which of the following would appear on an income statement?
A) Unearned revenue B) Cost of sales C) Retained earnings D) Dividends
Which of the following statements is true of liability cases in foreign countries?
A) In New Zealand, most claims for damages due to pain and suffering receive automatic compensation due to its Accident Compensation Act. B) U.S. manufacturers facing lawsuits in foreign countries are unlikely to be joined by foreign importers, retailers, and wholesalers. C) U.S. courts do not enforce the judgment rendered by a foreign court. D) U.S. manufacturers who sell their products abroad are not free from product liability considerations.
The successful application of organizational behavior principles can reduce a company's rates of turnover and absenteeism.
Answer the following statement true (T) or false (F)