When firms that are temporarily short of cash and unable to borrow from usual sources convert accounts receivable into cash by pledging the accounts receivable, they disclose this information
a. on the income statement, only.
b. on the balance sheet, only.
c. on both the income statement and the balance sheet.
d. by a footnote to the financial statements.
e. in managements' discussion and analysis.
D
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Which of the following is an accurate statement about a proposal?
A. Presenting the qualification of personnel involved in the proposal is irrelevant. B. The summary is always at the end of the proposal. C. Page design features add to the effectiveness of the proposal. D. Methodologies should be kept vague to protect trade secrets.
A gain on bond redemption
a. is considered unusual and infrequent. b. should be treated as part of operating income. c. decreases a company's income. d. is always included when predicting a company's future income.
Standards for state and local governments are established by the
a. IRS. b. IASB. c. GASB. d. AICPA.
Which of the following accurately describes how Netflix used innovation to gain a competitive advantage?
A. Netflix moved from online streaming to online DVD rentals via the Internet. B. Netflix applied big data analytics to its user preferences to provide highly personalized viewing recommendations. C. Netflix applied first mover advantages to lock up talent needed to produce original content for DVD rentals and online streaming. D. Netflix moved from content development to upgrading its data analytics to provide faster online streaming.