1) Stock is attractive to investors because stockholders are not liable for the corporation's actions and...
1) Stock is attractive to investors because stockholders are not liable for the corporation's actions and debts and because stock is easily transferred.
Select one:
True
False
2) Cash flows are essentially the same as net income because they are both measured using accrual accounting principles.
Select one:
True
False
3) Financial statement analysis applies analytical tools to financial statements and related data for making business decisions.
Select one:
True
False
Homework Answers
Answer 1 . True.
Explanation : Investment in stock provides an ease of capital accumulation ie as stockholders are not company's agent they can easily be transfer the stocks they hold as a result stockholders are not liable for the corporation's actions and debts.
Answer 2. False.
Explanation : Net income is based on accrual accounting principles but cash flows refers to the net change in amount of cash balance during the period due to various business transaction & is not impacted by accrual accounting principles .
Answer 3 . True.
Explanation : Financial statement analysis help in understanding the informations using analytical tools for making business decisions
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