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NEW QUESTION 23
Which one of the following is the least important for a successful budget process?
- A. Integrated budget software
- B. The level of participation in the budget process
- C. The degree of alignment between the budget and other performance goals
- D. Top management support
Answer: A
NEW QUESTION 24
A company has four product noes and must decide to discontinue one so mat it can focus on its more profitable products Information about the four product lines is shown below.
if the company evaluates profitability based on ROl. which product line should be discontinued?
Calculator
- A. Product line W.
- B. Product line X.
- C. Product line Z.
- D. Product line Y.
Answer: B
NEW QUESTION 25
A company has the following accounts included in its trial balance as of December 31
What amount of equity will be reported on me company’s balance sheet as of December 31?
- A. $599,000.
- B. $657,500
- C. $92,500.
- D. $626,500
Answer: C
NEW QUESTION 26
Comprehensive income is best defined as
- A. the change In net assets for the period excluding owner transactions
- B. net income excluding realized gams and losses
- C. total revenues minus total expenses
- D. the change in net assets for the period including contributions from owners and distributions to owners
Answer: A
NEW QUESTION 27
……
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