Under cash-basis accounting,
A) revenue is recorded when earned.
B) revenue is recorded when cash is received.
C) expenses are recorded when incurred.
D) expenses are recorded when due.
B
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Which is typically true of the purpose men have for communicating with others?
a. to empathize b. to build the relationship c. to solve problems d. to spend time together
The method of entering a foreign market that presents the least amount of risk for a company is ________
A) joint venturing B) direct investment C) exporting D) joint ownership E) contract manufacturing
Assume revenues are received in cash and expenses, except for depreciation, are paid in cash. Based on this assumption, which of the following statements is true?
A) Net cash flows for a period are equal to net income minus depreciation expense. B) Net cash flows for a period are equal to net income. C) Net cash flows for a period are equal to net income plus depreciation expense. D) Net cash flows for a period are equal to net income plus income tax expense.
Answer the following statements true (T) or false (F)
1) The payback and accounting rate of return (ARR) methods are suitable for investments with a relatively short time span. 2) The payback and accounting rate of return methods are often used to perform an initial screening of investments. 3) The payback method provides management with valuable information about the time period in which the cash invested will be recouped. 4) The net present value and internal rate of return methods are appropriate for longer-term investments because they ignore the time value of money. 5) Cash inflows include future cash revenue generated from an investment and any future residual value of the asset but exclude any future savings in ongoing cash operating costs resulting from the investment.