Question
Hello, I have a small question set of True/False questions I need help with. Thank you very much. 1) In the year 20X4 John Company
Hello, I have a small question set of True/False questions I need help with. Thank you very much.
1) In the year 20X4 John Company generated net income of $8,000. During the year, John's accounts receivable decrease by $400. John's cash flows from operations would be $8,400.
T/F
2) During the year, Bob company paid dividends of $10,000. This would be classified as an outflow for financing activity.
T/F
3) A deferred tax liability indicates that a company will be making a payment to the IRS at some point in the future.
T/F
4) There are two types of cash flows associated with a term bond: interest and principal.
T/F
5) The terms written into a loan indenture are typically standard across all contracts.
T/F
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