When it is necessary to replenish the petty cash fund, the cashier prepares a statement of payments
Indicate whether the statement is true or false
F
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When using the indirect method, how is the purchase of equipment for cash shown on the statement of cash flows?
a. Operating activity b. Investing activity c. Financing activity d. Noncash investing and financing activity
After the local newspaper accused Town Treasurer Smith, a little-known town administration official, of embezzlement, the Treasurer spoke to her attorney about suing the paper. The attorney informed the Treasurer that in order to succeed in court, she would have to prove that the newspaper acted with actual malice. This is because ________.
A. the Treasurer is a public figure B. newspapers are exempt from lawsuits C. allegations of corruption are protected speech D. the Treasurer is a public official
________ is one of the best measures of the efficiency of the collection process
a. Cash flow from operations to current liabilities b. Quick ratio c. Accounts receivable turnover ratio d. Current ratio
Uncertainty in the future can be attributed to unforeseen events
Indicate whether the statement is true or false