Which of the Following Statements Describes an Environmental Force

question 183

Multiple Choice

Which of the following statements describes an environmental force?

• A)Several states have legislation that requires people transporting children to use age- and height-appropriate car seats.
• B)Tupperware has more than 200,000 independent dealers who market its entire product line.
• C)A car battery comes with a lifetime guarantee.
• D)An automobile dealer offers a $500 rebate during the month of July.
• E)A major bottler offers a 10-cent refund on returnable bottles.

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Definitions:

Investing Activities

Transactions involving the acquisition and disposal of long-term assets and investments not included in cash equivalents.

Indirect Method

A way of reporting cash flows from operating activities on the cash flow statement, where net income is adjusted for changes in balance sheet accounts to reconcile to cash provided by or used in operations.

Comparative Balance Sheets

Financial statements that present the assets, liabilities, and equity of an entity at different points in time for comparison.

Free Cash Flow

The cash a company generates after accounting for cash outflows to support operations and maintain capital assets.