1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ede4ka [16]
3 years ago
13

The direct method for preparing and reporting the statement of cash flows reports net income and then adjusts it for items neces

sary to calculate net cash provided or used by operating activities.
Business
1 answer:
puteri [66]3 years ago
6 0

Answer: False

Explanation: The method described in the given statement is indirect method of preparing operating activities section in a cash flow statement.

   In case of direct method, the actual cash transactions involving inflow and outflow of cash is recorded to compute operating activities.

Thus, we can conclude that the given statement is false.

You might be interested in
The corridor is the ________________ section of the ______________________ curve of reserves in the federal funds market.
lys-0071 [83]
The corridor is the vertical section of the supply curve of reserves in the federal fund market.
8 0
3 years ago
Read 2 more answers
After focusing for so long on total quality management, mobley industries found that while their product defects decreased by 18
goldenfox [79]
<span>To help bring down their cost, it is important for Mobley Industries to find what total quality management (TQM) activity brought down their product defects. If they can find what change brought down their defects, they may find the source of which increase their product costs. However, in often times decreasing defects if they have to do with adding extra labor, steps, or parts will increase the cost without allowing for change. If they can pinpoint where the increase is coming from though, they may be able to find a better more cost effective solution. </span>
4 0
3 years ago
Read 2 more answers
Under the liability provisions of section 11 of the Securities Act of 1933, auditors may be liable to any purchaser of a securit
qaws [65]

Answer:

b) If auditors can demonstrate due diligence.

Explanation:

Under the liability provisions of section 11 of the Securities Act of 1933, auditors may be liable to any purchaser of a security for certifying materially misstated financial statements that are included in the registration statement. Under section 11, auditors usually will not be liable to the purchaser if auditors can demonstrate due diligence.

Section 11 of the Securities Act of 1933, 15 U.S.C. § 77k (1988), provides investors with the ability to hold issuers and others liable for any damage incurred and caused by false statements of fact or even material omissions of fact within registration statements as at when effective.

The Securities Act of 1933 was used to regulate the stock market as the first federal legislation. With this act, power was given to the federal government and taken away from the state governments.

Hence, the Securities Act of 1933 is used to protect investors from frauds by creating a set of standard rules.

In conclusion, auditors usually will not be liable to the purchaser if auditors can demonstrate due diligence in their services and responsibilities.

5 0
3 years ago
An Investment Adviser Representative buys shares of ABC in his own personal account and then contacts his clients and advises th
gizmo_the_mogwai [7]

Answer:

Front running

Explanation:

In simple words, Front-running can be understood as the broker's selling in stock items or some other ongoing financial commodity that has insider information of a potential sale that is going to greatly impact its value. A broker might be front-running on the basis of insider information that his or her business is about to present customers with a buy or sell suggestion that would almost definitely impact an investment's price.

4 0
3 years ago
Ways to improve a municipalities
Studentka2010 [4]
You can pray to God and he will help you
4 0
2 years ago
Read 2 more answers
Other questions:
  • gary, bill and carmella invested in a corporation in the ratio of 2:3:5, respectively. if they divide the profit of $82,000 prop
    10·1 answer
  • Assume that Lucas's marginal tax rate is 32 percent and his tax rate on dividends is 16 percent. If a dividend-paying stock (wit
    11·1 answer
  • Entries for Issuing Stock On January 22, Zentric Corporation issued for cash 160,000 shares of no-par common stock at $8. On Feb
    12·1 answer
  • Which of the following is true about open-end mutual funds?
    11·1 answer
  • We argued that when the economic growth in the US is greater than the (economic) growth rates of our trading partners, the trade
    14·1 answer
  • 7. Explain one way to protect yourself from online or cyber predators.
    12·1 answer
  • A. Explain the role labor’s productivity plays in wage determination in the competitive labor market. If productivity increases,
    10·1 answer
  • A conservative statistical test is one that question 22 options: minimizes both type i and type ii errors. minimizes type i erro
    12·2 answers
  • Kenesha Co. reported income before interest expense and income taxes of $30,000; interest expense of $3,000; and income taxes of
    6·1 answer
  • Before prorating the manufacturing overhead costs at the end of 2016, the Cost of Goods Sold and Finished Goods Inventory had ap
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!