The cost of a long-term debt generally ________ that of a short-term debt
A) is less than
B) is equal to
C) is greater than
D) is less than or equal to
C
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Recording short-term noninterest-bearing notes receivable at their maturity value
A) ?overstates interest income and understates sales revenue. B) ?overstates sales revenue and understates interest income. C) ?correctly states sales revenue and interest income. D) ?is prohibited by GAAP.
Which of the following guidelines does not enhance the usefulness of projective techniques?
A) Projective techniques should be used because the required information cannot be accurately obtained by direct methods. B) Projective techniques should be used for exploratory research to gain initial insights and understanding. C) Given their complexity, projective techniques should not be used naively. D) none of the above
The cash basis of accounting is a system in which revenues are recorded when earned and expenses are recorded when incurred.
Answer the following statement true (T) or false (F)
If P(A)=0.6, P(B)=0.5, and P(A?B)=0.20, then P(B | A)=
A. .33. B. .4. C. .9. D. .5.