The statement of financial position is also known as the:
A) balance sheet
B) statement of stockholders' equity.
C) income statement.
D) statement of cash flows.
A
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The Financial Accounting Standards Board (FASB) has expressed a strong preference for the indirect method, but allows companies to use the direct method in calculating the cash flow from operating activities
a. True b. False Indicate whether the statement is true or false
Which of the following is true of misrepresentation in contracts?
A. Misrepresentation cannot result from an honest mistake or negligence. B. A victim has to show detriment from misrepresentation to cancel a contract. C. A mere untrue assertion is sufficient for proving misrepresentation. D. Statements of opinion serve as a basis for rescission.
The marketing manager of Zenith Corp. is interested in ranking clients on the basis of their profitability, and accesses a database that tells him about the frequency and size of each client's order along with the actual costs per order. This database is part of the ________ system.
A. financial information B. promotion management C. customer relationship management (CRM) D. sales information E. employee management
The term "information worker" refers to an employee who is responsible for creating and maintaining company databases
Indicate whether the statement is true or false