To help you effectively manage your time, make effective use of waiting time. For example, carry reading material with you in case you get stuck in an airport

Changes in accounting estimates require disclosure of their effects, if material, on current year net income and EPS but do not require restatement of prior years' financial statements.

a. true b. false

A high accounts payable to net sales ratio indicates a retailer's use of suppliers to finance operations

Indicate whether the statement is true or false