Last year Simpson Company reported a cost of goods sold of $105,000. Inventories decreased by $10,000 during the year, and accounts payable increased by $25,000. The company uses the direct method to determine the net cash flows from operating activities on the statement of cash flows. The cost of goods sold adjusted to a cash basis would be:

An appraiser usually uses which of the following approaches in estimating the value of unimproved property:

A: Cost; B: Income; C: Gross rent multiplier; D: Comparison.

Which statement is true concerning the economic problem of premature death in the United States?

I. The economic impact of premature death of the breadwinner varies for different types of families. II. Increased life expectancy has increased the economic problem of premature death over time. A) I only B) II only C) both I and II D) neither I nor II