Which of the following is not a true statement?
a. The cash flow statement superceded the previously required statement of changes in financial position.
b. The cash flow statement is the statement of financial position with funds defined as cash.
c. The statement of financial position is a special case of the more general cash flow statement.
d. Inclusion of a cash flow statement is mandatory.
ANSWER: C
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Answer the following statements true (T) or false (F)
1.When Carly tries to show Marti that she is genuinely concerned about her well-being, she is engaging in sympathy. 2.We tend to pay extra attention to what we see or hear first (known as the recency effect). 3.We tend to pay extra attention to what we see or hear last (the recency effect). 4.Perception checking involves observing the behavior of another, describing and interpreting what his or her behavior means to you, and putting your interpretation into words in an effort to determine if your perception is correct. 5.By taking stock of yourself, including your emotional state and biases, you are able to avoid taking responsibility for what you bring to the perception process.
A _____ is used to record properly the effects of an event or transaction that was improperly recorded during the accounting period
a. reversing entry b. preliminary entry c. closing entry d. correcting entry e. none of the above
What are the guidelines to be followed to ensure readability of a presentation visual?
Gillette spent $100 million in its first year of advertising for a new type of razor and blades. All its advertising was directed at final consumers in the hope that these consumers would go to retailers and ask for the product by name. This is an example of
A. encoding. B. decoding. C. pushing. D. AIDA. E. pulling.