Answer the following statements true (T) or false (F)
The AICPA has developed an electronic filing of financial data called EDGAR.
ANSWER: F
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Sweetson Enterprises' comparative balance sheets included accounts receivable of $220,300 at December 31, 2016, and $200,900 at December 31, 2017 . Sales reported on Sweetson's 2017 income statement amounted to $2,350,000 . What is the amount of cash collections that Sweetson will report in the Operating Activities category of its 2017 statement of cash flows assuming that the direct method is
used? a. $2,369,400 b. $2,350,000 c. $2,771,200 d. $2,330,600
An advantage of outdoor advertising is in its ability to reach a wide, targeted audience.
Answer the following statement true (T) or false (F)
Forecasts are always wrong and therefore
A) should include both the expected value of the forecast and a measure of forecast error. B) should not include both the expected value of the forecast and a measure of forecast error. C) should only be used when there are no accurate estimates. D) should be missing the expected value of the forecast and a measure of forecast error.
Factoring accounts receivable is relatively an expensive source of unsecured short-term funds
Indicate whether the statement is true or false