When a dollar in the future is discounted to the present, it is worth less because of the time value of money; however, when a news item is discounted, it has less of an impact on the market because the market Blank______. Multiple choice question. does not pay attention to news items already knew about most of the news item reversed its position based on the news

When a dollar in the future is discounted to the present, it is worth less because of the time value of money; however, when a news item is discounted, it has less of an impact on the market because the market Blank______. Multiple choice question. does not pay attention to news items already knew about most of the news item reversed its position based on the news

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 11MC: Which of the following best represents a positive product of a lower number of days sales in...

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Which one of the following is an advantage of LIFO? a. In periods of rising prices, less income taxes are paid b. In periods of rising prices, more holding gains are reported in net income c. Record keeping and financial statement preparation are easier d. Conservative income statement and balance sheet disclousures result from falling prices
Asymmetric information problem occurs in the markets when Select one: the people tend to be dishonest None of the answers are correct the person who borrows money having more information than the person who lends the money and tends not to disclose this information when the people who Lend money having more information than borrowers Clear my choice
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What is a question that should be asked about accounts payable when forecasting? a.) What are the costs associated with storing goods? b.) How much bad debt should be anticipated? c.) How much cash is needed on hand to meet current liabilities? d.) How quickly can we replenish goods?
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When inventory is adjusted down, what is the impact on the balance sheet? a. The value of the asset, Merchandise Inventory, is restated at a more conservative number. b. The value of the asset, Merchandise inventory, is increased to reflect a more optimistic outlook. c. The value of the liability, Selling Expense, would be decreased to reflect a more conservative outlook. d. The value of the liability, Operating Expenses, would be increased to reflect the loss. You are an accountant for ACME Corporation working on inventory valuation. What would prevent you from using LCNRV to adjust the value of your inventory? a. If ACME uses NIFO. b. If ACME uses LIFO to cost inventory. c. If ACME uses FIFO to cost inventory. d. If the Cost of Goods Sold exceeds last quarter’s COGS.
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Financial risk is the additional risk that stockholders face as a result of using debt, as opposed to the risk they would face if no debt was used. * O Correct Wrong