Using the indirect method, which of the following would not be added to net income?
A. An increase in Equipment.
B. An increase in Salaries and Wages Payable.
C. A decrease in Prepaid Insurance.
D. A decrease in Supplies.
Answer: A
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The cost of merchandise sold during the year was $45,000 . Merchandise inventories were $13,500 and $10,500 atthe beginning and end of the year, respectively. Accounts payable were $7,000 and $5,000 at the beginning andend of the year, respectively. Using the direct method of reporting cash flows from operating activities, cashpayments for merchandise total
a. $46,000 b. $44,000 c. $50,000 d. $40,000
Order-effects research confirms that information presented early in a sequence affects judgments made later. This may be due to ______.
A. belief updating B. fatigue C. narrow focus D. confirming a first impression
Answer the following statement(s) true (T) or false (F)
16. A company striving to improve environmental well-being in order to improve their brand and image is engaging in social entrepreneurship. 17. A company where improving social issues is core to its mission is engaged in corporate social responsibility. 18. Social entrepreneurs must continuously monitor stakeholders and maintain relationships with them. 19. Microloans are small short-term loans given to people living in poverty that enables them to engage in entrepreneurship. 20. Organizational capacity building is a feature of venture philanthropy.
Metallic Metals, Inc, a U.S. firm, files a suit against a Venezuela government agency. The agency has committed a tort in the United States. Under the Foreign Sovereign Immunities Act
a. the Venezuelan government agency is not immune from the jurisdiction of the U.S. courts. b. the Venezuelan government agency is immune from the jurisdiction of the U.S. courts. c. Metallic Metals cannot bring a suit against the Venezuelan agency. d. Metallic Metals must file suit in Venezuela.