Errors that can be attributed to sources other than sampling are called ________
A) nonsampling errors
B) problem definition errors
C) hypothesis errors
D) random sampling errors
E) precision errors
A
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When cash is paid before an expense is incurred, an accrual is necessary
a. True b. False Indicate whether the statement is true or false
A tangible benefit
a. can be measured and expressed in financial terms b. might increase revenues c. might decrease costs d. all of the above
The first section of the statement of cash flows derives cash flow from _____ activities. The _____ method reports the amounts of cash received from customers less cash disbursed to suppliers, employees, lenders, and taxing authorities
a. operating; direct b. operating; indirect c. investing; direct d. investing; indirect e. financing: direct
A value-added tax is actually a sales tax that is
A. paid in stages along the process from raw materials to consumer, and then credited after final sale. B. paid by the firm rather than the consumer. C. called a value-added tax to create a positive spin on taxation. D. voluntarily paid on exports.