The time frame associated with a balance sheet is: a. a point in time in the past. b. a one-year past period of time. c. a single date in the future. d. a function of the information included in it. e. a two-year comparative period of time.

Related Questions

• A company in which an ethnocentric orientation prevails is likely to utilize primarily ____________ in its sales force.
• Looking forward to next year, if Baldwin's current cash balance is $17,334,000 and cash flows from operations are expected to remain the same, Baldwin intends to take the following actions related to cash flows from investing and financing activities: 1. Issue 100,000 shares of stock at the current stock price. 2. Issue $200,000 of long-term debt. 3. Pay $40,000 in dividends. Which of the following activities will expose Baldwin to the highest risk of needing an emergency loan? a) Sell $5,000,000 of their long-term assets. b) Purchase assets costing $15,000,000. c) Retire $20,000,000 in long-term debt. d) Liquidate the entire inventory. [Select the most appropriate option.]
• An accountant’s standard report on a compilation should state that the accountant (A) Has not audited or reviewed the accompanying financial statements. (B) Obtained an understanding of the accounting practices in the client’s industry. (C) Is not aware of any material modifications that should be made to the financial statements for them to conform with GAAP. (D) Is not responsible for disclosing errors, fraud, or illegal acts.
• Taylor takes her employees' opinions into consideration via reasoning and discussion when making departmental decisions. Which of the following answers best describe Taylor's experience with her role models, also known as parental authority? A. Flexible B. Authoritarian C. Dismissive D. Permissive
• Duke’s Garage has cash of $68, accounts receivable of $142, accounts payable of $235, and inventory of $318. What is the value of the quick ratio? Select one: a. 2.25 b. .53 c. .71 d. .89 e. 1.35
• A theory of intelligence with nine components was postulated by ________.
• Cost-volume-profit analysis can be used to determine the sales dollars or units required to achieve a specific target profit. Which statement is false?A. The formula provided in class is the sole method for calculating the sales revenue needed to reach a target profit.B. Once the required number of units to reach a target profit is determined, multiplying by the unit sales price will result in the necessary sales revenue.C. To find the units needed for a target profit, compute the breakeven point in units and adjust the formula by adding the target profit to fixed expenses.D. To compute the sales dollars needed for a target profit, calculate the breakeven sales in dollars and adjust the formula by adding the target profit to fixed expenses.
• Which of the following BEST defines absolute advantage in terms of international trade? A. When a nation only imports and never exports B. When a nation only exports and never imports C. When a nation has more buying power than any other nation D. When a nation can produce a good or service more efficiently than any other nation
• Assume that a perfectly competitive firm faces a fixed wage rate of​ $4 and a constant​ per-unit cost of capital of​ $2. If the marginal product of labor and capital are 16 and​ 6, respectively, then to maximize profits the firm should ______.
• what are the disadvantage of credit card ​