Which of the following is a specific objective of financial reporting?
A) provide information that is useful to investors in making investment decisions
B) provide information useful in assessing the amounts, timing, and uncertainty of prospective cash receipts
C) provide information useful in assessing the amounts, timing, and uncertainty of prospective cash inflows
D) provide information about a company's resources and the claims against the company
D
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A crisis does not always have to be viewed negatively. It can be an opportunity for a company to improve its position in the market and enhance its image
Indicate whether the statement is true or false
Which of the following best describes routine purchases made from the same suppliers used in the past?
A) straight rebuys B) modified rebuys C) new-task purchase D) repetitive purchase
Autumn Services, Inc. acquired 140,000 shares of Spring Metals, Inc. on January 1, 2018. Spring declares a cash dividend of $3.00 per share on February 15, 2019 and pays the cash dividend on March 2, 2019. With the current investment, Autumn Services, Inc. holds 8% of Spring's voting stock. Which of the following will be the correct journal entry for the day when the dividend payment is made (March 2, 2019)?
When dealing with the number of occurrences of an event over a specified interval of time or space, the appropriate probability distribution is a _____ distribution.
A. Binomial B. Poisson C. Normal D. Hypergeometric probability