The FASB requires a reconciliation of net income to net cash provided or used by operating activities when the direct method is used (which can be reported in the notes).
Answer the following statement true (T) or false (F)
True
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Standardized zi scores can be obtained as: Zi = (X - )/s
Indicate whether the statement is true or false
In a production process, the total time consumed by all tasks is 300 minutes. The total time available is 270 minutes. Given this information, which of the following statements is FALSE?
a. The balance efficiency is .9. b. The balance inefficiency is 10%. c. The balance efficiency is 33%. d. The balance inefficiency is 90%.
Judicial review:
a. scrutinizes actions of federal, but not state, governments. b. is a check by the judicial branch on legislative action. c. is a check by the judicial branch on executive action. d. is a check by the judicial branch on both legislative and executive action.
The AFN equation assumes that the ratios of assets and liabilities to sales remain constant over time. However, this assumption can be relaxed when we use the forecasted financial statement method. Three conditions where constant ratios cannot be assumed are economies of scale, lumpy assets, and excess capacity.
Answer the following statement true (T) or false (F)