Which of the following is/are not true?
a. Revenues from sales of goods or services to customers during a particular period do not necessarily equal cash received from customers during the same period.
b. The receipt of cash can precede, coincide with, or follow the recognition of revenue.
c. Expenses incurred to generate revenues during a particular period do not necessarily equal cash expended for the goods and services consumed in operations during the same period.
d. The expenditure of cash can precede, coincide with, or follow the recognition of expenses.
e. The net income for a particular period will likely equal the cash flow from operations for the same period.
E
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How is the balance sheet linked to the other financial statements?
a. The amount of retained earnings reported on the balance sheet is equal to net income. b. Retained earnings is added to total assets and reported on the balance sheet. c. Net income increases retained earnings on the statement of retained earnings, which ultimately increases retained earnings on the balance sheet. d. There is no link between the balance sheet and other statements, as each contains different accounts and provides different information.
The larger the bargaining unit, the less difficult it is for the union to win.
Answer the following statement true (T) or false (F)
Alternative techniques for resolving legal disputes without litigation include which of the following? I. Arbitration II. Mediation
A) I only B) II only C) both I and II D) neither I nor II
A description should accompany each entry made in the ________.
Fill in the blank(s) with the appropriate word(s).