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Author Question: Once the employee's income reaches the limit placed on Social Security tax, the amount deducted is ... (Read 29 times)

Jipu 123

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on: Jul 6, 2018
Once the employee's income reaches the limit placed on Social Security tax, the amount deducted is reduced based on the number of exemptions claimed.
  Indicate whether the statement is true or false

Question 2

What can be learned from a statement of cash flows?
 
  What will be an ideal response?


Koolkid240

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Reply #1 on: Jul 6, 2018
Answer to Question 1

F

Answer to Question 2

The statement of cash flows shows how cash has been generated during a year or a quarter, and how it has been used.The statement of cash flows is an important analytical tool for creditors, investors, and other users of financial statement data that helps determine the following about a business firm:
 Its ability to generate cash flows in the future
 Its capacity to meet obligations for cash
 Its future external financing needs
 Its success in productively managing investing activities
 Its effectiveness in implementing financing and investing strategies


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