The External Funds Needed (EFN) equation does not measure the:
A. additional asset requirements given a change in sales.
B. additional total liabilities raised given the change in sales.
C. rate of return to shareholders given the change in sales.
D. net income expected to be earned given the change in sales.
E. None of the above.
Answer: C. rate of return to shareholders given the change in sales.
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Which of the following is true?
A. The book value at the end of an asset's useful life will be the same under all the depreciation methods allowed under GAAP. B. The total depreciation in the accumulated depreciation account will be the same at the end of the asset's useful life under all the methods allowed under GAAP. C. The annual depreciation expense will differ under the various depreciation methods. D. Both A and B are true. E. All of the above are true.
Tables that are not normalized can have data integrity problems
Indicate whether the statement is true or false