Answer: Debited/left/credited/right
Explanation:
I would say to inform them professionally with a phone call and/or email.
Answer:
a) A gain is subtracted from net income.
d) An increase in operating current assets is subtracted from net income.
e) A decrease in operating current liabilities is subtracted from net income.
Explanation:
Operating activities: It involves those transactions that affect the after-net income working capital. It would subtract the rise in current assets and a decrease in current liabilities while add a decrease in current assets and an increase in current liabilities.
It would modify those changes in working capital. For addition, the depreciation costs are added to the net income and the loss on the sale of assets is applied, while the gain on the sale of assets is excluded
So, the following options are used-
a) A gain is subtracted from net income.
d) An increase in operating current assets is subtracted from net income.
e) A decrease in operating current liabilities is subtracted from net income.
The Management Discussion and Analysis section of the annual report can best be described as <u>c. Biased but informative</u>.
<u>Explanation</u>:
Biasing is an unfair activity in which the person favors one side and opposes the other. Biased people always exhibit prejudiced thinking.
These kinds of people think only from their side and they don’t think <u>“out of the box”</u>.
The management will be always biased when discussing about the annual report. The report provided by them in the discussion will be informative. But still it will be favored for someone and opposing another person.
Adam Smith was the first who alluded to the concept of comparative advantage. This concept has later been elaborated by David Ricardo.
