The major objectives of financial statements are:
a. capital maintenance measurement and adaptability.
b. accountability and adaptability.
c. predictive ability and accountability.
d. capital maintenance and predictive ability.
ANSWER: C
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a. bottlenecks. b. effectiveness. c. efficiency. d. quality.
When a country imports more than it exports, the currency might be expected to weaken.
Answer the following statement true (T) or false (F)
A manufacturer seeking maximum channel control should utilize which type of retailer?
a. factory outlet b. membership club c. off-price chain d. department store
When debt is used to finance the purchase of assets, the term or time span of the debt should always be shorter than the lifespan of the assets.
Answer the following statement true (T) or false (F)