Which of the following properly represents the preparation of the statement of cash flows prepared using IFRS rules?
A. The flexibility provided under IFRS guidance for the preparation of the statement of cash flows increases the comparability of results between companies.
B. Firms using the direct method are not required to provide a reconciliation of net income to cash flows from operations.
C. The presentation of the statement of cash flows is the same for all companies preparing statements under IFRS.
D. The presentation of the statement of cash flows differs to those following U.S. GAAP as a result of prescribed classification differences under IFRS.
Answer: B
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Identify the statement that does not meet Natural Capitalism's principles for the redesign of business to meet its environmental responsibilities.
A. To serve the needs of the poorest 75 percent of the world's population, ecoefficient business practices focus on ways of increasing efficiency and, therefore, decreasing resource use by a factor of 5 to 10. B. Models of business as a producer of goods should be replaced with a model of business as a provider of services. C. To serve the needs of the poorest 75 percent of the world's population, the standard growth model would increase economic growth by a factor of 5 to 10. D. The principle of biomimicry attempts to eliminate by-products once lost as waste and pollution and reintegrate them into the production process or return them as a benign or beneficial product to the biosphere.
From the information given below, prepare a November income statement, a November statement of retained earnings, and a November 30 balance sheet. On November 1 of the current year, Victoria Garza, the sole stockholder, began Garza Décor with an initial investment of $50,000 cash. On November 30, her records showed the following (alphabetically arranged) items and amounts.Accounts payable…………….$12,000Notes payable………………4,250Accounts receivable………. 19,000Office furnishings………..$40,000Cash………………………21,200Rent expense……………9,600Dividends………………. 6,000Salaries expense……….4,200Fees earned……………….34,000Telephone expense…….250
What will be an ideal response?
Your ability is ______.
a. what you are good at doing b. what you like to do c. what you decide to do d. what you use to get things done
The ________ model tackles what motivates people to change their attitude
A) cognitive dissonance B) persuasion C) elaboration likelihood D) "muddled middle"