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Screenshot 2019-05-24 14.10.15.png - u uestion 1 O 10 out...

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Unformatted text preview: . u uestion 1 O 10 out of 10 points Generally, firms that are subject to high degrees of operating uncertainty, relatively short production cycles, or both, tend to use shorter planning horizons. Selected Answer: 0 True Correct Answer: Cl True uestion 2 O 10 out of 10 points The excess cash balance is the amount available for investment by a firm if the desired minimum cash balance is less than the period's ending cash. Selected Answer: 0 True Correct Answer: Cl True uestion 3 O 10 out of 10 points A corporation Selected Answer: 0 can use different depreciation methods for tax and financial reporting purposes Correct Answer: 0 can use different depreciation methods for tax and financial reporting purposes uestion 4 Q 10 out of 10 points Which of the following is a cash inflow? Selected Answer: 0 a decrease in accounts receivable Correct Answer: 0 a decrease in accounts receivable uestion 5 Q 10 out of 10 points The primary purpose in preparing pro forma financial statements is Selected Answer: 0 for profit planning Correct Answer: a for profit planning uestion 6 Q 10 out of 10 points The primary purpose in preparing a cash budget is Selected Answer: 0 to estimate a firm's short-tem'l cash requirements Correct Answer: 0 to estimate a firm's short-tem'l cash requirements uestion 7 Q 10 out of 10 points In the next planning period, a firm plans to change its policy of all cash sales and initiate a credit policy requiring payment within 30 days. The statements that will be directly affected immediately are the Selected Answer: 0 proforma balance sheet and cash budget ...
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  • Summer '08
  • Cadle,J
  • Balance Sheet, Correct Answer, Generally Accepted Accounting Principles

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