In a third-party beneficiary contract, the third party's rights arise at the time the contract is formed
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following statements does not correctly describe an issue pertaining to the comparability of the cash flow statement across firms?
A. The proportion of leases treated as operating leases versus finance leases under ASC 842 varies substantially across firms. B. Companies selling their accounts receivable at year-end are distorting their cash flows in the current year relative to their competitors that do not sell their receivables at year-end. C. Companies that aggressively manage their working capital can't easily manage the short-run appearance of their operating cash flows relative to those companies that do not aggressively manage their working capital. D. GAAP requires computer software development companies to expense all software development costs until the software reaches technological feasibility. However, GAAP does not have any criteria for determining technological feasibility which therefore allows companies flexibility with respect to this determination.
If you are not given a time limit for your presentation, you should
A) make it as long as possible to ensure the audience understands the message. B) keep the presentation as short as possible while accomplishing your purpose. C) ask the audience how long they would like the presentation to take. D) make sure it takes no less than 30 minutes, not including the question-and-answer session. E) deliver the presentation impromptu, and end it whenever the audience appears to be losing interest.
The profit margin ratio ________.
A) focuses on the liquidity of the business B) is computed by dividing net sales by net income C) shows how much gross profit a business earns on every $1.00 of sales D) is often compared to the industry average
Who first suggested that management be a distinct field of study?
A. Bill Shore B. Christine Letts C. Henry Towne D. Helmut Anheier