If accounts receivable increases what is impact on CFO

CFO decreases

Are actual taxes paid the same as shown on GAAP income statement

No. Actual taxes: IRS rules Income statement GAAP

3. Which decisions require using subjective estimates

Economic life of a new asset

If there is a 30% chance of a recession what is the probability of expansion 70%--the sum of the probabilities must equal 100%

How much interest is paid on a 6% bond over 2 years and 3 months 6% x 1000 $60 per year 560 x 2.25-$135

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jordancarter 6 months ago

This study guide is clear, well-organized, and covers all the essential topics. The explanations are concise, making complex concepts easier to understand. It could benefit from more practice questions, but overall, it's a great resource for efficient studying. Highly recommend!

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