Which of the following indicates that a company has negative cash flow?
A) The company's cash on hand is unpredictable from month to month.
B) The company's cash is in the form of small bills.
C) The company has more cash now than it did the previous month.
D) The company has less cash now than it did the previous month.
D
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A credit memorandum for $420 (sales price of merchandise, $400; sales tax, $20) was issued to a customer for goods returned that had been purchased on account. To properly enter this transaction, Accounts Receivable would be credited for
a. $0; b. $20; c. $400; d. $420; e. none of these
If prices were to never change, there would be no need for alternative inventory methods
Indicate whether the statement is true or false
A ________ is a negotiable instrument issued by a bank that represents a foreign company's publicly traded securities and that, in turn, is traded on a local securities exchange
A. bill of exchange B. banknote C. promissory note D. depository receipt
Issued shares of stock are shares that have been sold by the corporation
Indicate whether the statement is true or false