Cash flow from operating activities is often less stable from year to year than the amount of net income reported on the income statement.
Answer the following statement true (T) or false (F)
True
Accrual accounting smooths out earnings by matching expenses to revenues providing a more stable performance measure.
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The executive who coordinates the technological efforts of various business units within a corporation is the
A. strategic champion. B. chief information officer. C. executive champion. D. technology innovator. E. information resource officer.
Firms account for material errors in previously issued financial statements by retrospectively restating net income of prior periods and adjusting the beginning balance in Retained Earnings of the current period
Indicate whether the statement is true or false
Which of the following statements is true?
a. It is best for the human resources department to define how each rating level applies to each job b. The words used to describe varying levels of performance are not as important as the actual definitions and how they are understood c. Performance evaluation ratings should be an arbitrary assignment d. Performance evaluation ratings should be vague with room left for interpretation
?An increase in interest rates will increase the future value of a portfolio because the cash flows produced by the portfolio:
A. will increase the maturity value of the bond.? B. ?can be reinvested at higher rates of return. C. ?can be used to recall high-rate bonds. D. ?will generate cash to pay future coupon interest. E. ?will decrease the yield to maturity of the bond.