The FASB and IASB concluded that the most general objective of financial reporting is to
A) provide information useful in the decisions made by external users
B) meet the needs of internal users
C) provide information about an entity's earnings
D) provide information about an entity's cash flows
A
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Which of the following leadership theories emphasizes the specific relationship between the leader and each subordinate?
A. transformational leadership theory B. path-goal leadership theory C. situational leadership theory D. leader-member exchange theory
EMathews, Inc generated $200,000 in sales revenues and incurred fixed costs of $30,000 . If the break-even sales is $ 140,000, what is the margin of safety ratio for Clarifex Company?
a. 75% b. 30% c. 40% d. 60%
The following sentence involves exclusionary language: Announcements will invite all managers and their wives to attend the dinner and hear the speaker
Indicate whether the statement is true or false
You plan to analyze the value of a potential investment by calculating the sum of the present values of its expected cash flows. Which of the following would increase the calculated value of the investment?
A. The cash flows are in the form of a deferred annuity, and they total to $100,000. You learn that the annuity lasts for 10 years rather than 5 years, hence that each payment is for $10,000 rather than for $20,000. B. The discount rate decreases. C. The riskiness of the investment's cash flows increases. D. The total amount of cash flows remains the same, but more of the cash flows are received in the later years and less are received in the earlier years. E. The discount rate increases.