Firms have some choice as to when they disburse cash. Firms that delay making payments to suppliers, employees, and others during the last several days of an accounting period
a. conserve cash and increase cash flow from operations for that period.
b. conserve cash and decrease cash flow from operations for that period.
c. do not conserve cash and increase cash flow from operations for that period.
d. do not conserve cash and decrease cash flow from operations for that period.
e. do not effect the cash balance and has no affect on cash flow from operations for that period.
A
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The three cash flows included in a cash flow statement include all of the following but:
a. Cash flows from selling activities b. Cash flows from investing activities c. Cash flows from financing activities d. Cash flows from operating activities
A warranty that is created when a seller or lessor makes an affirmation that the goods he or she is selling or leasing meet certain standards of quality, description, performance, or condition is known as a(n) ________ warranty
A) implied B) conditional C) closed D) express