Limitations of the income statement include all of the following except
a. items that cannot be measured reliably are not reported.
b. only actual amounts are reported in determining net income.
c. income measurement involves judgment.
d. income numbers are affected by the accounting methods employed.
Answer: b. only actual amounts are reported in determining net income.
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_____ is dialogue with a goal of helping another be more effective and achieve his or her full potential on the job
Fill in the blank(s) with the appropriate word(s).
You are comparing two annuities. Annuity A pays $100 at the end of each month for 10 years. Annuity B pays $100 at the beginning of each month for 10 years. The rate of return on both annuities is 8 percent. Which one of the following statements is correct given this information?
a. the present value of annuity A is equal to the present value of annuity b b. annuity b will pay one more payment than annuity a will c. the future value of annuity a is greater than the future value of annuity b d. annuity b has both a higher present value and a higher future value than annuity A e. Annuity a has a higher future value but a lower present value than annuity b