Three fundamental issues separate net income and cash flow. Which of the answers below is NOT one of these three fundamental issues?
A) Accrual accounting
B) Noncash accounting
C) Noncash expense items
D) Interest expense
Answer: B
Business
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A seller of goods on credit required the buyer to obtain a surety to guarantee payment for the goods purchased. Which of the following defenses may the surety use to avoid payment?
I. The seller of the goods committed fraud against the buyer to induce him/her to buy the goods. II. The seller of the goods committed fraud against the surety to induce the surety to guarantee payment. A. I only. B. II only. C. Both I and II. D. Neither I nor II.
Business
Draw a comparison between the reactive and proactive approaches a company can take toward a changing marketing environment
What will be an ideal response?
Business