On a statement of cash flows prepared using the direct method, cash paid for income taxes would be income tax expense minus
a. an increase in income taxes payable.
b. a decrease in income taxes payable.
c. beginning income taxes payable.
d. ending income taxes payable.
A
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Chief executive officers of any company have ______.
A. legitimate power B. referent power C. expert power D. personal power
Which of the following is NOT required to be reported in the financial statements or disclosed in the accompanying notes?
a. Balances of major classes of noncurrent operating assets at the balance sheet date b. Gross historical cost and accumulated amortization for intangible assets at the balance sheet date c. Gross historical cost and accumulated depreciation for tangible noncurrent operating assets at the balance sheet date d. A general description of the cost allocation methods used with respect to major classes of noncurrent operating assets
Answer the following statements true (T) or false (F)
Residual income refers to income in excess of a charge for the capital that is employed to generate that income.
Which of the following practices is best avoided when making a speech?
A. Starting the speech with a rhetorical question B. Allocating maximum time to the body of the speech C. Limiting the speech to a particular topic D. Using long words and acronyms