Interest expense is shown on the income statement as a non operating activity; however cash outflow for interest payments is shown as an operating activity on the statement of cash flows.

A salesperson has enrolled in a 25- hour approved course two week prior to the one issuance of their original license. Due to the medical emergency to licensee is unable to complete the course within the one year required time period and their license lapses. Can the licensee reinstate the lapsed license?

A. No, the licensee would have to start as an original applicant. B. No, the 25 hours must be completed within the first year of licensure. C. Yes,,if they produce a medical certificate of incapacitation and complete the course within six months of the lapsing of the license. D. Yes, by passing a new state licensing examination and completing the 25 hours of instruction approved by the Commission.

With respect to social organization, some barnyard animals exhibit signs of a dominance-submission hierarchy. Which of the following terms best illustrates such a hierarchy?

A) Dog-eat-dog B) Pecking order C) Social class D) King-of-the-hill