1. Which of the following statements regarding income is correct? Group of answer choices a. All...

1. Which of the following statements regarding income is correct?
Group of answer choices

a. All increases in net assets are income

b. All income increases assets

c. All increases in assets are income

d. All increases in equity are income

e. All income increases equity

2. Which of the following would be considered a breach of the qualitative characteristic of relevance?
Group of answer choices

a. Omitting details about very complex financial instruments because only a few users would understand it

b. Using the cost basis for measuring the carrying amount of equipment

c. All of these would be considered a breach of the qualitative characteristic of relevance

d. Separately disclosing interest as an expense despite the fact its dollar amount is immaterial

e. Reporting the cost of petrol in the tanks of a fleet of buses of a bus company as an expense at the reporting date

Expert Solution

ekkarill92 answered 2 years ago

1. Which of the following is (are) correct regarding a proteome? Group of answer choices a....

1. Which of the following is (are) correct regarding a proteome? Group of answer choices a. It is the collection of proteins that can be expressed by an organism b. All of the proteome is expressed by each of the cells in an organism at all times c. The proteins produced by the cell will be dependent on cell type and environment conditions d. b) and c) e. a) and c) 2. Which of the following statement(s) is (are) true...

All of the following statements regarding insurance policies are correct EXCEPT: Group of answer choices Adverse...

All of the following statements regarding insurance policies are correct EXCEPT: Group of answer choices Adverse selection is the tendency of those that most need insurance to purchase insurance policies while those with the least perceived risk are less likely to pay the necessary premiums for insurance. An endorsement is a modification or change to a life or health insurance policy. Co-payments are loss-sharing arrangements whereby the insured pays a flat dollar amount or percentage of the loss in excess...

Which of the following statements is correct? Group of answer choices None of these is correct....

Which of the following statements is correct? Group of answer choices None of these is correct. The demand for iPads is more elastic than the demand for tablets in general. Here, iPads is one kind of tablets. The demand for a necessity good is more elastic than the demand for a luxury good. The demand for cell phones is more elastic over a short period of time than over a long period of time

Which of the following statements is correct regarding buy-sell agreements? Group of answer choices The agreement...

Which of the following statements is correct regarding buy-sell agreements? Group of answer choices The agreement must be funded with property or insurance. If the corporation is designated as the owner and irrevocable beneficiary of any life insurance policy used to fund the buy-sell agreement, the death benefit from the policy is not includible in the decedent shareholder’s gross estate. With an entity-redemption buy-sell agreement, life insurance premiums paid by the entity are deductible by the corporation. In a cross-purchase...

Which of the following statements is CORRECT? Group of answer choices 1) The use of debt...

Which of the following statements is CORRECT? Group of answer choices 1) The use of debt financing will tend to lower the basic earning power ratio, other things held constant. 2) A firm that employs financial leverage will have a higher equity multiplier than an otherwise identical firm that has no debt in its capital structure. 3) If two firms have identical sales, interest rates paid, operating costs, and assets, but differ in the way they are financed, the firm...

Which of the following statements is CORRECT? Group of answer choices An increase in the DSO,...

Which of the following statements is CORRECT? Group of answer choices An increase in the DSO, other things held constant, could be expected to increase the ROE. An increase in the DSO, other things held constant, could be expected to increase the total assets turnover ratio. If two firms have the same ROA, the firm with the most debt can be expected to have the lower ROE. The ratio of long-term debt to total capital is less likely to experience...

Which of the following statements is correct? Group of answer choices If a project with normal...

Which of the following statements is correct? Group of answer choices If a project with normal cash flows has an IRR greater than the WACC, the project must also have a positive NPV. A project’s MIRR can never exceed its IRR. If Project A’s IRR exceeds Project B’s, then A must have the higher NPV. If the NPV is negative, the IRR must also be negative. If a project with normal cash flows has an IRR less than the WACC,...

Which of the following statements is CORRECT? Group of answer choices The WACC is not related...

Which of the following statements is CORRECT? Group of answer choices The WACC is not related to the cost of debt or equity capital The WACC will be changing for the changing market value of the shares and debentures The WACC should be the hurdle rate for evaluating all projects The WACC is the expected rate of return for the market

Which of the following statements is(are) correct? Group of answer choices Assume that goods A and...

Which of the following statements is(are) correct? Group of answer choices Assume that goods A and B are substitutes. Suppose a technology improvement in the production of good A and an increase in the price of good B. If everything else remains the same, in the market of good A, the equilibrium price decreases but the effect on the equilibrium quantity depends on the magnitudes of the shifts in supply and demand Assume that goods M and N are complements....

1)which are correct of these statements . Group of answer choices: a)If a security is underpriced,...

1)which are correct of these statements . Group of answer choices: a)If a security is underpriced, then the expected holding period return is above the market capitalization rate. b)The value of the equity equals the present value of all future payouts (dividends plus repurchases). c)The value of a share equals the present value of all future dividends per share. d)If a firm reinvests its earnings at an ROE equal to the market capitalization rate, then its earnings-price (E/P) ratio is...

Question