Which one of the following would be added to net income in determining net cash flows from operating activities by the indirect method?
a. decrease in inventories
b. increase in accounts receivable
c. gain on sale of a long-term investment
d. decrease in accounts payable
a
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Global Development Corp. pays its executives short-term incentives for meeting financial targets. What could be included in this incentive pay?
A. bonus for meeting a target for greater customer satisfaction B. stock options C. bonus for meeting the return on investment goal for last year D. merit pay E. stock purchase plans
Which of the following accounts probably would be greater in amount on an adjusted trial balance than on a trial balance?
A) Wages Payable B) Unearned Revenue C) Prepaid Advertising D) Painting Supplies
Dennis Company reported net income of $62,000 on sales of $420,000. The company has average total assets of $680,000 and average total liabilities of $220,000. What is the company's return on equity ratio?
A. 9.12% B. 28.18% C. 13.48% D. 14.76%
The characteristic line for any well-diversified portfolio is horizontal
Indicate whether the statement is true or false