False. Not every member of the board of directors is liable personally for the lawsuit. The business owner is the one who is held responsible and liable personally for the lawsuit. Though, the lawsuit typically hurts everyone involved depending on the depth of it because it could lead to company shut down which could cause many people to lose their lives.
The fiscal deficit for the government for the current year will be $20 billion for the given condition.
<h3>What is fiscal deficit?</h3>
The condition where there is an excess of expenditures over the income during a given financial period, it is known as fiscal deficit. The computation of fiscal deficit using the formula and the given information will be,
Fiscal Deficit = (Total Income – Total Expenditure)
Fiscal Deficit = $50 billion – $70 billion = -$20 billion
Hence, option C holds true regarding fiscal deficit. The complete question has been attached in the image for better reference.
Learn more about fiscal deficit here:
brainly.com/question/23795227
#SPJ1
The cash flow statement (CFS) measures how well a company manages its cash position, meaning how well the company generates cash to pay its debt obligations and fund its operating expenses. The cash flow statement complements the balance sheet and income statement and is a mandatory part of a company's financial reports since 1987.1
In this article, we'll show you how the CFS is structured, and how you can use it when analyzing a company.
KEY TAKEAWAYS
A cash flow statement is a financial statement that summarizes the amount of cash and cash equivalents entering and leaving a company.
The cash flow statement measures how well a company manages its cash position, meaning how well the company generates cash to pay its debt obligations and fund its operating expenses.
The cash flow statement complements the balance sheet and income statement and is a mandatory part of a company's financial reports since 1987.1
The main components of the cash flow statement are cash from operating activities, cash from investing activities, and cash from financing activities.
The two methods of calculating cash flow are the direct method and the indirect method.
After a keen research, there's a same question that provides choices. Here are the choices.
a) getting paid before delivering your service
<span>b) providing several different types of test data on the home </span>
<span>c) providing the highest-quality technical information </span>
<span>d) asking the homeowner to point out defects in the house
</span>
So, the correct answer is letter (C) providing the highest-quality technical information.
There are professional guidelines that should be observed in a home inspector's operation. These include client confidentiality, using a standard inspection procedure, and "<span>providing the highest-quality technical information."</span>
Answer:
The Net Operating income will be the same for both methods.
Explanation:
Net Operating income under absorption costing and variable costing methods usually differ because of existence of inventory.
Fixed overheads are deferred in Inventory when using absorption costing. Meaning that a higher income is obtained under absorption costing than variable costing when there is inventory and a lower income under absorption costing than variable costing.
When units produced are units sold, there is no inventory. Therefore, the Net Operating income will be the same for both methods.
