Which of the following is an adjustment that would need to be made to net income when calculating cash flows from operations under the indirect method?
a. Subtract amortization expense
b. subtract gain on sale of subsidiary
c. add an increase in accounts receivable
d. add a decrease in accounts payable
B
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Under Rule 10b-5 of the Securities Act of 1934, ________.
A. the plaintiff must prove that the accountant acted with scienter B. an accountant must prove he exercised due diligence to escape liability C. the intent to deceive is not an element of the offense D. an accountant will never be liable to a purchaser for a misstatement of material fact in the registration statement
If project completion times are normally distributed, what is the probability that the project will be completed by the mean project duration?
a. 0.00 b. 0.25 c. 0.50 d. 1.00
In the Womco, Inc v. Navistar International Corporation case, the court stated the disclaimer of the warranty of:
a. merchantability must be written and mention the word "merchantability.". b. merchantability may be oral. c. fitness for a particular purpose may be oral or written. d. merchantability or fitness for a particular purpose must be conspicuous, which requires that the disclaimer be in a larger type and a different color.
Your author suggests that multinational capital budgeting is a straightforward application of the NPV model with one twist: we can do the analysis in either domestic currency or foreign currency
Indicate whether the statement is true or false.