The ratio of two independent chi-squared variables divided by their degrees of freedom is:
a. normally distributed
b. Student t-distributed
c. chi-squared distributed
d. F-distributed
D
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The report of a CPA on a review of the financial statements of a nonpublic entity should not include a statement that:
A. a review consists principally of inquiries of company personnel and analytical procedures applied to financial data. B. management is responsible for the preparation and fair presentation of the financials in accordance with GAAP. C. the CPA is not aware of any material modifications that should be made to the financial statements in order for them to be in conformity with generally accepted accounting principles. D. the review was performed in accordance with generally accepted auditing standards.
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Answer the following statement true (T) or false (F)
Answer the following statements true (T) or false (F)
1) An investment today of $8,424 at 6% will yield payments of $2,000 per year for five years, or total payments of $10,000 over five years. The reason for this increase is that the interest is being earned on principal that is left invested each year. 2) When computing the present value, the interest rate will vary depending on the amount of risk. Riskier investments, such as FDIC-insured bank deposits, command higher interest rates. 3) When computing the present value, the interest rate will vary depending on the amount of risk. Safer investments, such as FDIC-insured bank deposits, yield lower interest rates. 4) Discounted cash flow methods incorporate compound interest by assuming that companies will reinvest future cash flows when they are received. 5) Net present value is defined as the difference between the present value of the investment's net cash inflows and the investment's initial cost.
The International Labor Organization formulates conventions and recommendations for labor legislation that can be adopted by all countries
Indicate whether the statement is true or false