Financial information exhibits the characteristic of consistency when
a. accounting procedures are adopted which smooth net income and make results consistent between years.
b. extraordinary gains and losses are shown separately on the income statement.
c. accounting entities give similar events the same accounting treatment each period.
d. expenditures are reported as expenses and netted against revenue in the period in which they are paid.
C
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Which of the following include only current assets?
a. Accounts receivable, cash, inventory, office supplies b. Cash, accounts payable, inventory, office supplies c. Cash, land, accounts receivable, inventory d. Accounts receivable, cash, furniture, office supplies
Risks and opportunities have increased for supply chains due to
A) the decreasing value of the U.S. dollar. B) increasing globalization. C) the increasing population. D) a decline in energy prices.
A tenant always pays the cost of utilities
Indicate whether the statement is true or false
A firm has to pay a dividend of $1.20 per share till perpetuity, a zero growth rate of dividends, and a required return of 10 percent. The value of the firm's preferred stock is ________
A) $120 B) $10 C) $12 D) $100