Many analysts focus attention on cash flow from operations, thinking it as important as, or more important than, net income. A common misconception is that the management has little opportunity to manipulate transactions affecting the statement of cash flows. The manipulation possibilities arise from
a. the amounts of cash flows.
b. the timing of cash flows.
c. the classification and disclosure in the statement and related notes.
d. both choices b and c.
e. none of the above.
D
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During global culture training for a group of employees who are being transferred to Egypt, Samira, the HR training manager, remarked that "in the Arab world, men often hold hands, which is meant to express
A. the acceptance of a business deal." B. solidarity and friendship." C. the acceptance of a future son-in-law into the family." D. concentration and focus." E. personal dominance."
Which of the following is not a major standard-setting body responsible for the establishment of U.S. and international GAAP (Generally Accepted Accounting Principles)?
A) SEC (Securities Exchange Commission) B) PCAOB (Public Company Accounting Oversight Board) C) FASB (Financial Accounting Standards Board) D) IASB (International Accounting Standards Board)
A U.S. Treasury bill with an original maturity of 90 days or less is considered a cash equivalent
Indicate whether the statement is true or false
The equity method:
a. is used to account for a stock investment that is more than 20% of a company's voting stock. b. presumes that a stock investment of 20% or more is a passive investment. c. presumes that the investor should not share in the success or failure of a company. d. presumes that the investor does not have significant influence over company operations.