Question 46
Select the correct statement(s):
I). Under the cash-basis method, warranty costs are charged to expenses as they are paid.
II). The current ratio is intended to indicate the long run liquidity position of the firm.
I). Under the cash-basis method, warranty costs are charged to expenses as they are paid.
II). The current ratio is intended to indicate the long run liquidity position of the firm.
Question 47
What reflects the net tax effects of the temporary differences between the carrying values of assets and liabilities for financial reporting purposes and amounts used for income tax purposes?
Question 48
When people are less careful about avoiding insured losses than they would be if they were not insured so that losses occur more often than they would otherwise, ____ occurs.
Question 49
If people expect the nominal interest rate will be higher in the near future, the aggregate demand will:
Question 50
Which of the following does NOT favor a capital lease?