Which of the following is a measure of nonmetric correlation?
A) Pearson product moment correlation
B) Spearman's rho
C) Kendall's tau
D) both B and C
D
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A creditor beneficiary has rights against the promisee, but not the promisor.
Answer the following statement true (T) or false (F)
Robin Corporation reported the following information for 2011 and 2012: Salaries payable, December 31, 2011 $20,000 Salaries payable, December 31, 2012 15,000 Salaries expense--2012 80,000 How much cash was paid for salaries during 2012?
A) $60,000 B) $65,000 C) $75,000 D) $85,000
Determining whether a firm's financial position is improving or deteriorating requires analysis of more than one set of financial statements. Trend analysis is one method of measuring a firm's performance over time.
Answer the following statement true (T) or false (F)
The difference between a company's assets and its liabilities, or net assets is:
A. Expense. B. Net income. C. Equity. D. Revenue. E. Net loss.