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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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