A physical audit is a formal examination and verification of product movement carried out by examining physical records or analyzing inventory
Indicate whether the statement is true or false
TRUE
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Which of the following statements does not correctly describe an issue pertaining to the comparability of the cash flow statement across firms?
A. The proportion of leases treated as operating leases versus finance leases under ASC 842 varies substantially across firms. B. Companies selling their accounts receivable at year-end are distorting their cash flows in the current year relative to their competitors that do not sell their receivables at year-end. C. Companies that aggressively manage their working capital can't easily manage the short-run appearance of their operating cash flows relative to those companies that do not aggressively manage their working capital. D. GAAP requires computer software development companies to expense all software development costs until the software reaches technological feasibility. However, GAAP does not have any criteria for determining technological feasibility which therefore allows companies flexibility with respect to this determination.
When would a writer choose to use a passive voice?
A) When placing blame or giving credit B) When creating an impersonal tone C) When there is a need for strong sentence structure D) When there is a need for writing that is direct and lively E) When there is a desire to make the writing easier to read
Strategic alliances are arrangements in which two firms join forces and form a cooperative partnership. Discuss the potential advantages of strategic alliances.
What will be an ideal response?
Stockholders' equity of a corporation would not show
a. retained earnings. b. additional paid-in capital on stock issued. c. the par value of stock issued. d. revenues and expenses.