Orders are not entered onto the cash flow statement as cash receipts because you ________.
A. don't get the cash until the customer actually pays for the order
B. might get them confused with revenue on the income statement
C. will have a more accurate cash flow statement if you enter them once a month
D. might get a cancellation
Answer: A
You might also like to view...
An ethical dilemma occurs in a situation in which moral duties or obligations conflict
a. True b. False Indicate whether the statement is true or false
Application of MUS Explain why monetary unit sampling is not useful for detecting understatements
Short-term capital gain is eligible for a special tax rate only when it exceeds long-term capital gain.
Answer the following statement true (T) or false (F)
On January 1, Year 1, Fox Co, Inc, issues $100,000 par value, 10% bonds maturing in 10 years to yield 12% per year, compounded semiannually on January 1 and July 1 . Use the present value tables. Refer to the Fox Co, Inc example. How much are the initial issue proceeds to the nearest amount shown?
a. $32,197 b. $88,530 c. $100,000 d. $112,462 e. $102,462