Answer the following statements true (T) or false (F)
1. The cash flows from investing activities is completed by reviewing the long-term liabilities section of the balance sheet.
2. When preparing the statement of cash flows by the indirect method, it is necessary to adjust for non-cash expenses such as depreciation expense.
3. The change in cash is the key reconciling figure for the statement of cash flows and must match the change in cash reported on the comparative income statements.
4. When preparing the statement of cash flows using the indirect method, depreciation expense is subtracted from net income under operating activities.
1. FALSE
2. TRUE
3. FALSE
4. FALSE
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Prospective home buyers perceive houses as a heterogeneous shopping product, therefore they find it harder to comparehomogeneous shopping products because the prices, quality, and features of such products are similar.
Answer the following statement true (T) or false (F)
All of the following are techniques for handling disagreement signals EXCEPT:
A. let your buyer know you are aware that something upsetting has occurred. B. project acceptance signals. C. temporarily eliminate any pressure on the person to participate in the conversation. D. stop your planned presentation. E. use indirect questions to determine a buyer's attitudes and beliefs.
How much were Wagner's period costs?
The following information relates to Wagner, Inc.:
A) $87,700
B) $21,700
C) $534,700
D) $7200
In what section of a memorandum would you find an application of the law to the client's case?
A) Introduction B) Fact section C) Index D) Analysis