Which of the following statements is true of strategic analysis of operating income?

A) Management accountants compare budgeted operating performance over two different periods.
B) Management accountants compare actual and budgeted operating performance over the same time
periods.
C) Management accountants compare actual operating performance of one year and budgeted operating performance of another year.
D) Management accountants compare actual operating performance over two different periods.

Answer: D

Business

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Which of the following statements is true of data, information, and knowledge?

A) They blend together and form a continuum. B) They are mutually exclusive categories. C) They fail to help in understanding how information systems work. D) They are diverse terms and may not be used interchangeably.

Business

When accounting for a convertible bond issue using IFRS, any equity component is ________

A) ignored B) the present value of the future cash flows C) measured the same as GAAP D) the selling price minus the debt component

Business