Net income was $ 51,000 for the year. The accumulated depreciation balance increased by $14,000 over the year. There were no sales of fixed assets or changes in noncash current assets or liabilities. Under the indirect method, the cash flow from operations is $37,000
Indicate whether the statement is true or false
False
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Which of the following correctly states the role of banks in import/export transactions involving a letter of credit (L/C)?
A) The importer's bank is the advising and/or confirming bank; the exporter's bank is the issuing bank. B) The exporter's bank is the advising and/or confirming bank; the importer's bank is the issuing bank. C) The exporter's bank is the advising, confirming, and issuing bank. D) The importer's bank is the advising, confirming, and issuing bank. E) none of the above
Sales managers use a ________ that shows which customers and prospects to pursue and which activities to carry out
A) call plan B) sales quota C) sales contest D) bonus plan E) straight commission
A purchase money security interest may be automatically perfected if it covers:
A. proceeds. B. inventory. C. consumer goods. D. future advances.
The typical _____ bond pays interest periodically, usually every six months, during the life of the bond and repays the principal amount borrowed at maturity
a. derivative b. multi-coupon c. zero coupon d. serial e. debenture