In IDEF1X, a category cluster includes BLACK and WHITE, which are the only possible categories. This is an IDEF1X ________
A) complete category cluster
B) incomplete category cluster
C) inherited category cluster
D) inconclusive category cluster
A
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Which of the following will improve the clarity of a document?
A) Rewriting hedge sentences B) Deleting unnecessary words and phrases C) Replacing long words and phrases D) Eliminating redundancies E) Rewriting "it is" or "there are" starters
Firms with convertible preferred stock or other potentially dilutive securities outstanding
a. must present dual earnings-per-share amounts. b. calculate basic earnings per share by taking net income attributable to common stock and dividing by the average number of common shares outstanding during the period. c. calculate diluted earnings per share when a firm has securities outstanding that, if exchanged for common stock would decrease basic earnings per share by 3 percent or more. d. all of the above e. none of the above
Bootstrapping does not:
A. Show commitment to future investors B. Require equity give-up C. Create positive pressure on entrepreneurs to succeed D. Force entrepreneurs to push products to market early on
Which of the following statements is false regarding a company's budgeted financial statements?
A) They are used for internal planning purposes. B) They are often called pro forma financial statements. C) Lending institutions should not use them as a basis for granting a loan. D) An error in the preparation of one budget often affects one or more other budgets.