A limitation of industry norms is that:
a. companies in the same industry with similar operations may use different acceptable accounting procedures.
b. many companies are diversified.
c. companies in the same industry may have different operations.
d. All of these are correct.
d
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Indicate whether the statement is true or false
The income statement shows the difference between a firm's income and its costs-i.e., its profits-during a specified period of time. However, not all reported income comes in the form of cash, and reported costs likewise may not be consistent with cash outlays. Therefore, there may be a substantial difference between a firm's reported profits and its actual cash flow for the same period.
Answer the following statement true (T) or false (F)
Define risk. Give an example of a risk-free investment and explain why you claim it has no risk. Give an example of a risky investment and explain why you claim the investment to be risky
What will be an ideal response?
It is NOT illegal, under the Americans with Disabilities Act, to ask a potential employee which of the following questions:
a. do you have AIDS? b. have you ever been treated for mental health problems? c. have you ever been treated for drug addiction? d. have you ever held a position like this before? e. all of the other specific choices are illegal