Cynthia is scheduled to receive a $36,000 lump-sum distribution from her former employer's qualified pension plan and wishes to establish a rollover IRA to avoid paying taxes on the money that year. Within how many days must the rollover be completed for Cynthia to avoid paying taxes?

Use of a multiple-step income statement will result in the company reporting a higher net income than if they used a single-step income statement.

a. true b. false

Today's financial managers generally believe that treating customers, employees, suppliers, creditors, and other

stakeholders with fairness and respect: a. is a job best left to the other departments of the organization. b. often helps increase the value of the firm for its owners. c. has little to do with meeting the firm's financial objectives. d. results in an increase in employee turnover.