Working capital equals current assets, including inventory, minus current liabilities.
Responda
True
False
Questão 2
Questão
Horizontal analysis expresses each item as a percentage of the current year’s sales or total assets.
Responda
True
False
Questão 3
Questão
Dividends are expensed on the declaration date, not on the payment date.
Responda
True
False
Questão 4
Questão
Internal controls are the responsibility of the external auditor.
Responda
True
False
Questão 5
Questão
The triple bottom line is so named because it consists of financial, environmental, and economic activity.
Responda
True
False
Questão 6
Questão
The production budget should be prepared before the direct labor budget.
Responda
True
False
Questão 7
Questão
Poor quality materials are a common cause of favorable materials price variances.
Responda
True
False
Questão 8
Questão
As variable costs increase, fixed costs per unit decrease.
Responda
True
False
Questão 9
Questão
In all cases in which FIFO is used, the cost of goods sold is the same whether a perpetual or periodic system is used.
Responda
True
False
Questão 10
Questão
The FASB’s Accounting Standards Codification creates a new set of generally accepted accounting principles.
Responda
True
False
Questão 11
Questão
Intraperiod tax allocation relates the income tax expense of a fiscal period to the specific items that give rise to the amount of the tax provision.
Responda
True
False
Questão 12
Questão
The unknown present value is always a larger amount than the known future value because dollars received currently are worth more than dollars to be received in the future.
Responda
True
False
Quer criar seus próprios Quizzesgratuitos com a GoConqr? Saiba mais.