Venture capitalists invest in promising early-stage companies in exchange for a portion of the firm's equity
Indicate whether the statement is true or false
FALSE
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Which of the following statements is generally considered desirable?
a. A large decrease in accounts receivable turnover ratio b. A decrease in the number of days' sales in receivables c. An increase in sales along with a larger decrease in the gross profit ratio d. A decrease in the cash flow from operations to current liabilities ratio
The ________ component in the five-component model of information systems is considered a bridge that connects the computer side and the human side.
A. virtual B. software C. hardware D. data E. procedure
Answer the following statements true (T) or false (F)
1. Creative accounting can be defined as the deviation from the traditional methods used to interpret an accounting rule or standard. 2. The fundamental flaw of a Ponzi scheme is that it never ends until the person committing the fraud is caught and disappears. 3. An audit is required to be conducted each fiscal quarter for companies that are publicly traded. 4. Auditors are considered gatekeepers for the stakeholders. 5. Escalation of commitment occurs when the individual is hesitant to reject a biased proposal from someone else.
The following items were reported on the balance sheets and income statement for Transformer Inc, a service company: Accrued liabilities, December 31, 2011 $ 92,000 Accrued liabilities, December 31, 2012 55,000 Operating expenses--2012 200,000 What amount would be reported in the operating activities section of Transformer's statement of cash flows for payments for operating expenses under the
direct method? A) $237,000 B) $163,000 C) $200,000 D) $292,000