If You Have a Student Loan,you May Have Helped Create

question 29

Multiple Choice

If you have a student loan,you may have helped create a

• A)Sallie Mae.
• B)Ginnie Mae.
• C)Lilly Mae.
• D)Betsy Ann.

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Definitions:

Cash Dividends

Payments made by a corporation to its shareholders, usually in the form of cash, out of its profits or reserves.

Payable

Refers to an amount of money that a company owes to its creditors or suppliers, to be paid at a later date.

Accounts Receivable

Money owed to a business by its customers for goods or services delivered on credit.

Indirect Method

Indirect Method is a way of reporting cash flows from operating activities in the cash flow statement by starting with net income and adjusting for non-cash transactions and changes in working capital.