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On a common-size income statement, interest expense is shown as a percentage of operating income. net sales revenue. net income. gross profit. The high accounts
On a common-size income statement, interest expense is shown as a percentage of operating income. net sales revenue. net income. gross profit. The high accounts receivable turnover rate may indicate all of the following except fast collection of accounts receivables. greater liquidity. credit terms that are too tight. inventory levels are high. A company's prepaid insurance account decreased by $1,000 during the year. Which of the following would appear on the statement of cash flows prepared using the indirect method? A deduction under investing activities An addition under operating activities A deduction under operating activities An addition under investing activities A company's unearned revenue account increased by $1,000 during the year. Which of the following would appear on the statement of cash flows prepared using the indirect method? A deduction under operating activities An addition under financing activities A deduction under financing activities An addition under operating activities
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