Investors, creditors, and customers are considered external users of financial statements
Indicate whether the statement is true or false
T
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[The following information applies to the questions displayed below.]The bank statement for Tetra Company contained the following items: a bank service charge of $10; a credit memo for interest earned, $15; and a $50 NSF check from a customer. The company had outstanding checks of $100 and a deposit in transit of $300.Which of the following will be caused by the entry to record the customer's NSF check?
A. Cash decreases. B. Accounts receivable increases and cash decreases. C. Stockholders' equity decreases. D. Accounts receivable increases.
The International Accounting Standards Board (IASB) is the government group that establishes reporting requirements for companies that issue stock to the public.
Answer the following statement true (T) or false (F)
Langston Labs has an overall (composite) WACC of 10%, which reflects the cost of capital for its average asset. Its assets vary widely in risk, and Langston evaluates low-risk projects with a WACC of 8%, average-risk projects at 10%, and high-risk projects at 12%. The company is considering the following projects: Project Risk Expected Return A High 15% B Average 12% C High 11% D Low 9% E Low 6% ? Which set of projects would maximize shareholder wealth?
A. A and B. B. A, B, and C. C. A, B, and D. D. A, B, C, and D. E. A, B, C, D, and E.
All intervening events that occur subsequent to the defendant's negligent conduct will relieve the defendant of liability
Indicate whether the statement is true or false