The CEO of High Tech International decides to change an accounting method at the end of the
current year. The change results in reported profits increasing by 5%, but the company's cash flows
are not changed.
If capital markets are efficient, then
A) the stock price will increase only if the accounting change will also result in higher profits in
the next year.
B) the stock price will not be affected by the accounting change.
C) the stock price will decrease because accounting method changes are not permitted under
generally accepted accounting principles.
D) the stock price will increase due to higher profits.
B
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With regard to the United Nations Convention on Contracts for the International Sale of Goods (CISG) and the Uniform Commercial Code (UCC), which of the following statements is correct?
A. Unlike the CISG, the UCC does not require that an offer be stated with sufficient definiteness. B. Unlike the UCC, the CISG does not require that an offer be directed to a specific person or persons. C. Unlike the CISG, the UCC does not require that an offer indicate that the person making the offer intends to be bound by the agreement. D. Unlike the UCC, the CISG does not consider an offer sufficiently definite if it lacks price terms.
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a. true b. false
Historically, the average proportion of defective bars has been 0.015. Samples will be of 100 bars each. Construct a p-chart using z = 3. What is the value of LCL?
A) less than or equal to 0.01 B) greater than 0.01 but less than or equal to 0.02 C) greater than 0.02 but less than or equal to 0.03 D) greater than 0.03
The output of the master schedule is a(n) ______.
a. materials requirement plan b. operations plan c. master production schedule d. production plan