Which of the following statements is correct?
A. Accrual-based net income is not easily manipulated because valuation for such items as bad debts and inventory are precise and based on objectively verifiable information.
B. Cash flows are not easily manipulated because they are generated by internal transactions and do not involve external parties.
C. Cash flows are easily manipulated because they are based on estimates.
D. Accrual-based net income can be manipulated because it is based on estimates.
Answer: D
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A. $4,500. B. $1,500. C. $2,250. D. $9,000. E. $750.
A buy-sell agreement made using proceeds from a key-life insurance is not considered valid
Indicate whether the statement is true or false
A manager who supervises people has limited contact with each employee. Over the past six months, one customer complained about a particular employee and the manager has personally observed a loud argument between the same employee and a supervisor from another department. Based on these two samples and having little time to gather more information, the manager may use ____________ to fill in the picture of the employee.
a) Closure b) Selective attention c) Salient cues d) Schemas
An objective of intermediate-term demand planning decisions is ______.
a. establishment of profit and revenue targets b. inventory planning and control c. transportation for inbound and outbound d. supply chain design