This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following statements is true of indirect methods of proof? A) The cash method, which ... (Read 142 times)

TFauchery

  • Hero Member
  • *****
  • Posts: 500
on: Jul 6, 2018
Which of the following statements is true of indirect methods of proof?
 
  A) The cash method, which has limited application, is feasible only when the number of units and price can be determined easily.
  B) When there is an accumulation of assets without a corresponding source of funds the unit and volume method is most commonly used.
  C) The bank deposit method is used when the subject (individual or business) consumes income rather than accumulates assets.
  D) Successful use of the net worth method requires a complete reconstruction of the subject's financial history, including all assets, liabilities, expenditures, and sources of funds.

Question 2

The closing date in QuickBooks is
 a. The last day of your fiscal year
   b. The last day of the calendar year
   c. The day your company started using QuickBooks
   d. None of the above


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jesse.fleming

  • Sr. Member
  • ****
  • Posts: 301
Reply #1 on: Jul 6, 2018
Answer to Question 1

D
Explanation: D) Successful use of the net worth method requires a complete reconstruction of the subject's financial history, including all assets, liabilities, expenditures, and sources of funds.

Answer to Question 2

a


TFauchery

  • Hero Member
  • *****
  • Posts: 500
Reply #2 on: Jul 6, 2018
Thank you :)


jesse.fleming

  • Sr. Member
  • ****
  • Posts: 301
Reply #3 on: Jul 6, 2018
Happy to help you


« previous next »
 

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

The average adult has about 21 square feet of skin.

True Friendship True Friendship
Popular Methods of Conducting Social Science Research Popular Methods of Conducting Social Science Research
Trigonometric Proof Trigonometric Proof
Research Methods Research Methods
Research Methods Research Methods
Some of the most commonly used radiometric dating methods Some of the most commonly used radiometric dating methods
Video: Digestive chemicals - types & enzymes

For a complete list of videos, visit our video library