According to the revenue recognition principle, revenues are recognized when they are _________________________
Fill in the blank(s) with correct word
realized and earned
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Intelligent _____ allow employees to enter questions in free form or close to free form.
Fill in the blank(s) with the appropriate word(s).
The following information is available for Birch Company at December 31: Money market fund balance$2,790Certificate of deposit maturing June 30 of next year$10,000Postdated checks from customers$1,475Cash in bank account$21,430NSF checks from customers returned by bank$650Cash in petty cash fund$200Inventory of postage stamps$24U.S. Treasury bill purchased on December 15 and maturing on February 28 of following year$5,000Based on this information, Birch Company should report Cash and Cash Equivalents on December 31 of:
A. $41,345 B. $39,420 C. $38,770 D. $31,345 E. $29,420
Operating cash flow (OCF) is calculated by deducting depreciation from net operating profit after taxes
Indicate whether the statement is true or false
Brothers Breads has the following data. What is the firm's cash conversion cycle? Inventory conversion period =50 days Average collection period =17 days Payables deferral period =25 days
A. 31 days B. 34 days C. 38 days D. 42 days E. 46 days