Short_and_Essay_Questions__ch_20_ - Ignore following pages Accounting Aspects of Control System pp 648-651 Minimizing cash balances pp 655-658 Short

Short_and_Essay_Questions__ch_20_ - Ignore following pages...

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Ignore following pages: Accounting Aspects of Control System, pp. 648-651 Minimizing cash balances, pp. 655-658 Short answers (1-4 sentences) 1.Distinguish between accounting standard and auditing standard.2.What is capital budgeting?3.What is net present value?4.What is deferral principle?5.What is tax haven?6.What is transfer price? What is Arm’s length price?7.What does fronting loan mean?

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