Because there is no single international court or legal system capable of resolving all commercial disputes between private parties, a choice-of-________ clause should be negotiated in all agreements involving major transactions

Aventis Company distributes cash dividends. How does this transaction affect the accounting equation?

A) The assets, liabilities, and equity remain the same. B) The assets decrease and equity decreases. C) The assets increase and liabilities decrease. D) The assets decrease and equity increases.

Which one of the following indicates that a firm has generated sufficient internal cash flow to finance its entire operations for the period?

a. positive operating cash flow b negative cash flow to creditors c. positive cash flow to stockholders d. negative net capital spending e. positive cash flow from assets