To determine cash payments for merchandise for the statement of cash flows using the direct method, a decreasein accounts payable is added to the cost of merchandise sold
a. True
b. False
Indicate whether the statement is true or false
True
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Blanket Airlines acquires a new aircraft. It has an estimated life of 15 years and should be used for 15,000 hours of flight. What is the most appropriate method of depreciation to properly match revenues and expenses?
a. Double-declining-balance b. Revenue expenditure method c. Straight-line d. Units-of-production
A reinsurance contract that is entered into on a case-by-case basis after an application for insurance is received by a primary insurer is called
A) a reinsurance pool. B) automatic treaty reinsurance. C) retrocession. D) facultative reinsurance.
Soundbites Corporation makes and markets cellphones. Soundbites's ad states that on its phones voices and text come through as "clear as the sky on a cloudless day." The Federal Trade Commission would consider this claim A) false and misleading
B) impermissibly vague and general. C) a deceptive half-truth. D) none of the choices.
One of the challenges of having a diverse workforce is the human tendency to let our interests, values, and culture act as filters that distort, block, and select what we see and hear, a behavior known as
A. stereotyping. B. outsourcing. C. mentoring. D. cohesion. E. groupthink.