The cash flow statement is a good tool for finding out:
a. The business's profitability
b. The assets and liabilities of a firm
c. The sources and uses of cash
d. The amount of money the firm's owners leave in the business
Ans: c. The sources and uses of cash
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All of the following contracts must be in writing to be enforceable, except:
a. A listing for personal property or at lease for one year or less. b. A listing for real property. c. A contract to purchase real property. d. Leasing real property from more than one year.
Which of the following is true of the World Trade Organization (WTO)?
A) It was replaced by the GATT in 1995. B) It increases tariffs and other international trade barriers. C) It lacks the power to impose international trade sanctions. D) It restricts the maximum number of member nations to 100. E) It mediates global trade disputes.