When using the periodic inventory system, there is no need to record an adjusting entry for inventory shrinkage

The accounting statement that measures the revenues, expenses, and net income of a firm over a period of time is called the:

a. statement of cash flows b. income statement c. GAAP statement d. balance sheet e. net working capital schedule

The first step in the maximal-flow technique is to

A) pick the node with the maximum flow. B) pick any path with some flow. C) eliminate any node that has a zero flow. D) add a dummy flow from the start to the finish. E) None of the above