Deferred Outflows of Resources have a debit balances and represent assets of the reporting organization.
Answer the following statement true (T) or false (F)
False
Deferred Outflows of Resources represent balance sheet accounts with debit balances but they are not assets. Only items specifically identified in GASB standards may be reported as deferred inflows or deferred outflows.
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Answer the following statements true (T) or false (F)
1. The current ratio may indicate that the company is using its assets effectively. 2. The inventory turnover ratio measures the average number of days that inventory is held by a company. 3. Days' sales in receivables measures the return on average receivables. 4. Days' sales in inventory measures how quickly a company can collect its receivables. 5. The gross profit percentage is an indicator of how well a company is positioned to pay off its short- term liabilities.
For a company like Pepsi, brand dilution occurs when it sells more product than the competition.
Answer the following statement true (T) or false (F)
If quick response allows multiple orders in the season,
A) profits decrease and the overstock quantity decreases. B) profits decrease and the overstock quantity increases. C) profits increase and the overstock quantity decreases. D) profits increase and the overstock quantity increases.
The most appropriate data type used to store 349.82 would be which of the following?
A) Number(5,2 ) B) Number(4,2 ) C) Varchar(6 ) D) Number(3,2 )