The accountant for Myra Lido deliberately recorded operating expenses as operating assets in order to record a higher net income for the company
As long as the amount of the misstatement was not material, this would not be considered unethical behavior.
Indicate whether the statement is true or false
FALSE
Business
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Discounted cash flow methods incorporate compound interest by assuming that companies will reinvest future cash flows when they are received
Indicate whether the statement is true or false
Business
Discounted cash flow methods typically ________
A) use simple interest calculations B) assume that cash flows will be reinvested when received C) focus on the payback period D) comply with the requirements of GAAP
Business