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Alik [6]
3 years ago
5

Which of the following statements about the two alternative methods that may be used when preparing the statement of cash flows

are true?
a. Income statement
b. Balance sheet
c. Prospectus
d. Financial statement notes
e. Company news releases
f. Statement of cash flows
g. Stock price information and analysis
h. Statement of shareholders' equity
i. Management discussion and analysis of financial performance
Business
1 answer:
Kipish [7]3 years ago
8 0

Answer:

The following records won't be required in drawing up a cash flow statement:

a. Income statement (True)

b. Balance sheet (True)

c. Prospectus (False)

d. Financial statement notes (True)

e. Company news releases (False)

f. Statement of cash flows (True)

g. Stock price information and analysis (False)

h. Statement of shareholders' equity (True)

i. Management discussion and analysis of financial performance (False)

Explanation:

A cash flow statement is an element of the financial statement which helps investors identify the liquidity of the business.

It reveals in great details the sources and uses of the cash resources of the business, and gives true indication to the internal workings of management in wealth creation for the shareholders

Since its only concerned about the cash uses and sourcing, it means not all financial record of the business will be essential in drawing up a statement of cash flow.

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3 years ago
A sporting goods store manager wants to forecast annual sneaker revenues based on the type of sport (running, tennis, or walking
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Explanation:

Given : The manager wants to forecast annual sales revenues of snekers of different categories.

The given categories are :-

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Also when we have a categorical variable that assumes n different divisions then the number of dummy explanatory variable for multiple regression will be n-1.

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⇒ Number of dummy variables for types of color = 5-1 =4

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Hence, the manager should include 7 independent variables in her multiple regression analysis .

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