Match each term with the correct statement below.
a. The Securities Act of 1933
b. The Securities Exchange Act of 1934
c. general ledger
d. journal
e. balance sheet
f. income statement
g. statement of cash flows
h. net income
1. The place where all of the accounts of the business are summarized
2. Otherwise referred to as the bottom line
3. The legislation requiring most corporations to file registration statements before issuing stock
4. A book or file where every accounting of the firm is recorded as it happens
5. The financial statement that shows the financial position of a company as of a given point in time
6. The financial statement that shows the result of operations over a given period of time
1. C) general ledger
2. H) net income
3. A) The Securities Act of 1933
4. D) journal
5. E) balance sheet
6. F) income statement
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Indicate whether the statement is true or false
The ________ details how the business expects to go from the beginning cash balance to the desired ending cash balance.
A) capital expenditures budget B) budgeted income statement C) cash flow statement D) cash budget
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If a distributor persuades a manufacturer to refuse to deal with a rival distributor, the two parties:
A. have committed a per se violation of Section 1 of the Sherman Act. B. do not violate Section 1 of the Sherman Act since this is a unilateral action. C. are attempting vertical price-fixing. D. are conspiring to form a monopoly, thus directly violating Section 2 of the Sherman Act.