Tracing back to individual business events that have been aggregated into account balances is done by means of a(n):
a. electronic reference service
b. general ledger account
c. audit trail
d. data dictionary
C
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An exchange of plant assets has commercial substance if the future cash flows change as a result of the transaction
Indicate whether the statement is true or false
Marketing managers can take each of the following corrective actions for reducing a discrepancy between established performance standards and actual performance except
A. improving actual performance. B. reducing the performance standard. C. totally changing the performance standard. D. changing the marketing strategy. E. coordinating a new step in performance analysis.
The price of GE stock is $38, and its latest annual earnings per share was $1.37 . If the appropriate discount rate for GE stock is rE=10%, what is the present value of GE's profitable future investment opportunities (PVPFIO)?
a. $14.30 b. $19.30 c. $24.30 d. $34.30 FORMULA: PVPFIO=V-Et/r
Since managers perform many different roles, they must be highly adaptive.
Answer the following statement true (T) or false (F)