Which of the following is not a defense to a price discrimination charge?
A) Changing conditions B) Cost justification
C) Meeting the competition D) Failing company
D
Business
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The net income reported on the income statement for the current year was $245,000. Depreciation was $40,000. Accounts Receivable and Inventories decreased by $12,000 and $35,000, respectively. Prepaid Expenses and Accounts Payable increased, respectively, by $1,000 and $8,000. How much cash was provided by operating activities?
A. $296,000 B. $323,000 C. $339,000 D. $311,000
Business
The fifth step in the accounting cycle is
A. Posting transactions B. Analyzing source documents C. Preparing the financial statements D. Recording the transactions A. Preparing the trial balance
Business