What best describes how much a company is worth?
A)It is the result of explicit accounting standards.
B)It is static.
C)An exact science.
D)It is known only to the firm's accountants.
E)An educated guess.
As competition increases and Arab companies engage in alliance and merger and acquisition activities,is expected take off in the Arab world.
D)all of the above.
Which of the following is not an example of a decision that may require finance/accounting policies?
A)To use LIFO,FIFO,or a market- value accounting approach
B)To determine the amount of product diversification
C)To extend the time of accounts receivable
D)To establish a certain percentage discount on accounts within a specified period of time
E)To lease or buy fixed assets
In preparing projected statements,which of these methods is recommended to project cost of goods sold and the expense items in the income statement?
A)Percentage- of- sales method
B)What a firm earns method
C)Determining the net worth method
D)Outstanding shares method
E)Price- earnings ratio met