If a company is using the indirect method to prepare the statement of cash flows, identify where an increase in the accounts receivable account should be reported:
A. A decrease in cash flows from operating activities
B. An increase in cash flows from investing activities
C. An increase in cash flows from operating activities
D. An increase in cash flows from financing activities
E. A decrease in cash flows from investing activities
Answer: A
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All of the following are changes that affect the stability of the work environment within organizations EXCEPT:
A. downsizing B. privatization C. economic interconnections D. team-based management
Groundworks Company budgeted the following credit sales during the current year: September, $90,000; October, $123,000; November, $105,000; December, $111,000. Experience has shown that cash from credit sales is received as follows: 10% in the month of sale, 50% in the first month after sale, 35% in the second month after sale, and 5% is uncollectible. How much cash should Groundworks Company expect to collect in November from its current and past credit sales?
What will be an ideal response?
Mercy, the chief executive officer of Medico Hospital Corporation, claims that certain actions by the state of New York infringe on rights guaranteed by the Bill of Rights. Most of these rights are held to limit
A. federal governmental actions only. B. federal and state governmental actions. C. state governmental actions only. D. actions by non-governmental entities only.
Which of the following groups are most likely formed for long-term assignments?
A. Groups involved in arranging a dinner and program B. Groups involved in auditing for major corporations C. Groups involved in changing backdrops for stage shows D. Groups involved in decorating an auditorium