Using certainty factors, a rule declares that IF competition is strong, CF = 70 OR margins are above 15% CF = 100 THEN sales demand will decline. If both conditions are true, what is the CF of the conclusion?

A loss in the current period on a profitable contract must be recognized under both the percentage-of-completion and completed-contract method.

a. true b. false

In theory, the conservative financing strategy ignores ________

A) all current liabilities B) the spontaneous forms of short-term financing C) all current assets D) the high risk associated with external financing