In the statement of fiduciary net position prepared for an Investment Trust Fund, how should the equity of the participants in the investment pool be characterized?
a. as fund balance
b. as retained earnings
c. as the excess of additions over deductions
d. as net position held in trust
d
Business
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Which of the following statements is true?
A) A graph of the relationship between EPS and EBIT is steeper when the firm is leveraged. B) At the indifference point on an EPS-EBIT graph, two financing alternatives provide the same EBIT. C) Firms are more likely to use greater levels of debt when predicted EBIT is low. D) In EPS-EBIT analysis, EPS is considered a poor proxy for firm value. E) None of the above.
Business
The skill set of an ERP project manager must be varied and robust
Indicate whether the statement is true or false
Business