Which of the following describes the financing activities section of the statement of cash flows?
A) It includes increases and decreases in long-term assets.
B) It includes cash inflows and outflows related to long-term liabilities and equity.
C) It includes interest and dividend income and cash payments for interest expense.
D) It reports on activities that create revenue or expenses for the entity's business.
B) It includes cash inflows and outflows related to long-term liabilities and equity.
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While observing an entity's annual physical inventory, an auditor recorded test counts for several items and noticed that certain test counts were higher than the recorded quantities in the entity's perpetual records. This situation could be the result of the entity's failure to record:
A. sales returns. B. purchase returns. C. purchase discounts. D. sales.
Alexander did not make many sales this quarter. He considered adding a few fake entries to his quarterly report. However, he decided not to do so when the boss mentioned that the new computer software is designed to catch any inconsistencies. It appears Alexander is at the ______ of moral development.
A. preconventional level B. conventional level C. postconventional level D. neoconventional level
Answer the following statement(s) true (T) or false (F)
1. To be classified as a small business, a firm must have fewer than 100 employees. 2. According to the definition given by the Small Business Act, small businesses must be independently owned and operated. 3. A small business is considered small when compared to other businesses in the same industry. 4. Small businesses make a relatively small contribution to the economy. 5. More than 90 percent of all corporations are small, including farms.
Mercedes-BenzDaimler AG, the maker of Mercedes-Benz automobiles, is planning to launch a new line of downsized luxury vehicles in the United States by 2012. Daimler has experienced a recent drop in global sales attributed to its product mix that focuses on larger luxury automobiles. With increasing fuel prices and stricter U.S. fuel-economy standards coming down the pipeline, Daimler doesn't want to be left behind. Daimler is behind its competition, though. Its German rivals, Audi and BMW, have been relatively successful in the U.S. BMW"s Mini Cooper, demanding as much as $34,000, has already driven away with some of Daimler's potential sales. While Daimler already offers the Smart car in the U.S., the new offerings will not be going after the same consumers.Refer to
Mercedes-Benz. Baby boomers have money to burn and will be the primary target for the downsized, luxury vehicles offered by Mercedes. Many of them will want this type of car to feel young again. This group is considered a _____. A. consumer advocacy group B. income ready group C. market D. population E. market maven