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
Ans: e. positive cash flow from assets
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Which of the following describes the risk assessment component of internal control?
A) Internal auditors monitor company controls to safeguard assets, and external auditors monitor the controls to ensure that the accounting records are accurate. B) Risk assessment is the "tone at the top" of the business. C) A company must identify its risks and take necessary steps to minimize them. D) Risk assessment is designed to ensure that the business's goals are achieved.
Because routine messages are so common in business, it is not necessary to pay attention to your tone when writing them
Indicate whether the statement is true or false.