Correct

September 26th, 2009 . . . . . . . . .

Could Someone Please Tell Me If I Have The Correct Answer To The Following Accounting Question?

Which of the following is not true regarding the direct and indirect methods of computing net cash flow from operating activities?
A. Both methods result in the same dollar amount of cash flow from operating activities.
B. Both methods involve adjusting entries to the company’s books so that the accounting records reflect the figures shown in the statement of cash flows.
C. Both methods are acceptable to the FASB for reporting purposes
D. Both methods convert accrual-based income statement amounts to cash flow results.
I think that the answer is C but I’m not sure.

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September 20th, 2009 . . . . . . . . .

New To Accounting And Having Problems Classifying Transactions And Entering Them Into The Correct Accounts.?

New to accounting and having problems classifying transactions and entering them into the correct accounts (asset, liability, equity, revenue, or expense). Is there software available that maintains a list of common transactions that will classify for me?

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July 17th, 2009 . . . . . . . . .

The Word Tsunami Was Figuratively Used For Describing The Financial Market Collapse. Is The Usage Correct?

Tsunami is a tidal wave and can be figuratively used to refer to any upsurge or raising. Not for a fall. The financial market collapse in US cannot be referred to as “financial tsunami”. Will english language experts clarify.Answers with illustrations welcome.

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July 2nd, 2009 . . . . . . .

How The Recent Financial Crisis Has Affected You And The Steps You Are Taking To Correct The Situation?

How the recent financial crisis has affected you negatively and the steps you are taking to correct the situation

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