The main difference between crowdsourcing and mass collaboration is the level of multidirectional interaction
Indicate whether the statement is true or false
TRUE
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Which method is NOT used to overstate assets?
a. Inappropriately capitalizing costs that should be expensed. b. Recording newly acquired assets at cost instead of fair market value in a healthy economy. c. Creating ficticious accounts receivable or inventory to hide thefts. d. Inflating assets through mergers and acquisitions by manipulation of intercompany accounts and transactions.
Restrictions on retained earnings are ________.
A) reported on the statement of cash flows B) usually reported in the notes to the financial statements C) reported on the income statement D) designed to maximize dividends paid to shareholders
Under ________, the market consists of many buyers and sellers trading in a uniform commodity
A) pure competition B) monopolistic competition C) oligopolistic competition D) a pure monopoly E) the dominant firm model
On a common-size income statement, operating income should be stated as a percentage of:
A) net income. B) sales revenue. C) operating income. D) total assets.