When the present financial ratios of a firm are compared with similar ratios for another firm in the same industry, it is called trend analysis
Indicate whether this statement is true or false.
Answer: FALSE
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Losses on the sale of long-term assets for cash:
A. Are the excess of the cash received over the book value. B. Are the excess of the book value over the cash received. C. Are reported on a net-of-tax basis, if material. D. Are recorded as a credit.
Under a contract with Bucolic Farms, Agro Excavation, Inc, begins digging an agricultural pond. In mid-project, Agro asks for $15,000 over the contract price, claiming an increase in the "cost of doing business.". Bucolic agrees but later refuses to pay. Their agreement is
a. unenforceable because Agro's performance was a preexisting duty. b. unenforceable because Bucolic's promise was illusory. c. enforceable. d. unenforceable because its performance is unforeseeably difficult.
The International Emergency Economic Powers Act grants authority to the President to regulate economic and financial transactions in wartime only
Indicate whether the statement is true or false
Minimum cardinalities represent the lower limit on the number of entities required in a relationship
Indicate whether the statement is true or false