The accounting for defined benefit plans is usually very easy and straightforward
a. True
b. False
Indicate whether the statement is true or false
False
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Various techniques are used in the analysis of financial data to emphasize the comparative and relative importance of the data presented and to evaluate the position of the firm. Which of the following is not one of the techniques used in analysis?
a. Ratio analysis b. Common-size analysis c. Theory consistency d. Examination of relative size among firms e. Review of descriptive material
A firm's internal business environment does NOT include ________
A) its employees B) its corporate culture C) its products D) its technologies E) elements of the legal environment
Prescott Corporation is considering an investment in new equipment costing $918,000. The equipment will be depreciated on a straight-line basis over a ten-year life and is expected to have a residual value of $98,000. The equipment is expected to generate net cash inflows of $152,000 for each of the first five years and $116,000 for each of the last five years. What is the accounting rate of return associated with the equipment investment? (Round your answer to two decimal places.)
A) 10.95% B) 11.34% C) 9.05% D) 10.24%
(Use the information about Dominick Inc to answer this question.) In preparing the statement of cash flows using the T-account worksheet, the accountant
a. subtracts the $400 gain from net income in computing cash flow investment activities. b. adds the $400 gain to net income in computing cash flow from investment activities. c. subtracts the $400 gain from net income in computing cash flow from operations. d. adds the $400 gain to net income in computing cash flow from operations. e. adds the $400 gain to retained earnings in computing cash flow investment activities.