A decision tree is a(n):
A) algebraic representation of alternatives and states of nature.
B) behavioral representation of alternatives and states of nature.
C) matrix representation of alternatives and states of nature.
D) graphical representation of alternatives and states of nature.
E) tabular representation of alternatives and states of nature.
D
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Which of the following accounts is used only at the close of the accounting period to adjust the merchandise inventory account and summarize the temporary owner's equity accounts?
a. Owner's Capital b. Income Summary c. Cost of Goods Sold d. Sales
The general ledger process comprises all of the following except:
a. providing information for financial reporting b. servicing the needs of managerial reporting c. classifying data by general ledger accounts d. ensuring that the external financial statements conform to GAAP
_____ present an ordered list, grouped by broad categories of revenues and expenses. They begin with revenues followed by a list of expenses
a. Income Statement b. Balance Sheets c. Statement of Retained Earnings d. Statement of Cash Flows e. None of the above
Under the ________ test, debtors who earn a median family income equal to or below the state's median family income for the size of the debtor's family qualify for Chapter 7 bankruptcy.
A. liquid assets B. tangible holdings C. median income D. propensity to repay