Which of the below is a SOURCE of cash?
A) Cash Sales
B) Wages and Salaries
C) Rent or Lease payments
D) Dividend payments
Answer: A
Explanation: A) The sources of cash (cash receipts or cash inflow) are: cash sales; payments received on accounts receivables (mainly credit sales); cash sales of equipment or other assets of the company, and funding sources (bank loans, bond sales, and stock sales). The uses of cash (cash expenditures or cash outflow) are: cash purchases (supplies, inventories, etc.); payments made on accounts payable (to suppliers); wages and salaries; rent, lease, or mortgage payments; utility payments (water, electricity, phones, etc.); shipping costs; interest payments; dividend payments; retirement of debt (paying off loans and bonds); and repurchases of stock.
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a. optimal structures of accountability and responsibility to execute its strategies b. new MBO goals c. important decisions that are suggested by employees d. the most favorable methods of accomplishing both the diversity and synergy plans e. the best structures of costs and efficiency that an organization uses to meet goals
What will vary between countries when statements are prepared using IFRS?
A. The number of shares outstanding B. Accounting time period C. The monetary unit D. Faithful representation