Excerpts from Neuwirth Corporation's comparative balance sheet appear below: Ending BalanceBeginning BalanceCash and cash equivalents$37,000 $27,000 Accounts receivable$24,000 $28,000 Inventory$65,000 $68,000 Which of the following is the correct treatment within the operating activities section of the statement of cash flows using the indirect method?
A. The change in Accounts Receivable is added to net income; The change in Inventory is subtracted from net income
B. The change in Accounts Receivable is subtracted from net income; The change in Inventory is added to net income
C. The change in Accounts Receivable is subtracted from net income; The change in Inventory is subtracted from net income
D. The change in Accounts Receivable is added to net income; The change in Inventory is added to net income
Answer: D
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John Smith is in the 28% tax bracket. If he were to purchase a $1,000 municipal bond that has a stated interest rate of 6.9%, the fully taxable equivalent yield would be:
A. 6.900%. B. 8.261%. C. 9.583%. D. 12.105%. E. 14.625%.
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Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
1.Both the Ricardo model of comparative advantage and the Heckscher-Ohlin theory assert that trade patterns are largely the result of differences in endowments of factors of production. 2.Brazil is labor abundant relative to Germany if the ratio of labor to capital in Brazil is higher than that in Germany. 3.The Heckscher-Ohlin model assumes that tastes and preferences, and also factor endowments, are identical for trading nations. 4.In his test of the Heckscher-Ohlin model, W. Leontief found that, although the United States was perceived as being capital abundant relative to the rest of the world, U.S. exports were less capital intensive than import-competing goods. 5.The Heckscher-Ohlin theory asserts that trade should occur with different factor endowments. This theory is most accurate when explaining trade patterns between industrialized countries and developing countries.
Which of the following is most likely gained by stores that cluster together?
A) decreased competition B) increased customer pulling power C) compliance with franchise agreements D) creation of retailer cooperatives E) standardization of the service mix