Cash from (or used in) operating activities is the
a. heart of cash flow.
b. cash paid to outsiders such as banks or stockholders.
c. cash received from selling stock or assets.
d. cash at the beginning and end of the period covered.
Answer: a. heart of cash flow.
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Indicate whether the statement is true or false.
Sol Turek, an impresario, hires Susan Sharna to perform a one-woman show, and later cancels the deal. I is impossible to know exactly what ticket sales would have been, but we do know that Susan spent about $10,000 putting the show together
Fortunately, she was able to get another gig, which was a big success. Can she sue Sol, and if so, what can she expect to receive? A) No. This is contract for personal services, so specific performance is not available. B) Yes, but her damages are only nominal. C) Yes. Her damages will be the best estimate that the court can make of what her lost profits were. D) Yes. Her damages will be $10,000. E) Both C and D