The built-in functions in Excel®, along with the RAND function, can be used to generate random numbers from many different types of probability distributions
a. True
b. False
Indicate whether the statement is true or false
True
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[APPENDIX] Deferred income taxes arise because
a. corporations often make errors in their tax estimations. b. companies can use accounting methods that minimize net income for tax purposes and other methods that maximize net income for reporting to shareholders. c. the IRS owes a company a refund from last year. d. large corporations generally have operations in foreign countries whose tax law is quite different from U.S. tax law.
Which of the following methods of recording uncollectible accounts expense would be described best as an income statement method?
a. Both direct charge-off method and accounts receivable aging method b. Direct charge-off method c. Percentage of net sales method d. Accounts receivable aging method
Which of the methods for decision making best protects the decision maker from undesirable results?
a. the optimistic approach b. the conservative approach c. minimum regret d. minimax regret
A lease with which one of these characteristics would not be qualified by the IRS?
A) Term of 25 years B) Early balloon payments C) Lessee option to purchase asset at fair market value at lease expiration D) No lease provision limiting the lessee's right to issue additional debt E) Lessee granted first option to meet a competing outside renewal offer