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Author Question: FUTA is an abbreviation for: a. Future Unemployment Tax Act b. Federal Unemployment Tax Act c. ... (Read 49 times)

lunatika

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on: Jul 6, 2018
FUTA is an abbreviation for:
 a. Future Unemployment Tax Act
  b. Federal Unemployment Tax Act
  c. Funding Unemployment Tax Act
  d. None of the above

Question 2

Why are gains and losses from asset sales removed from net income when calculating the cash flows from operating activities?
 
  a. Selling assets is a noncash item.
  b. Gains and losses from asset sales are a financing activity.
  c. Gains and losses are not removed from net income when calculating the cash flows from operating activities
  d. The entire proceeds from sales of long-lived assets are included in investing activities.


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yasmin

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

B

Answer to Question 2

d


lunatika

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Reply 2 on: Jul 6, 2018
Great answer, keep it coming :)

scottmt

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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