Efficient-market hypothesis is the theory describing the behavior ...

[jlmhmf]

Efficient-market hypothesis is the theory describing the behavior of an assumed perfect market in which securities are typically in equilibrium, security prices fully reflect all public information available and react swiftly to new informatio
 
  and, because stocks are fairly priced, investors need not waste time looking for mispriced securities.
  Indicate whether the statement is true or false

Question 2

Cash budgets and pro forma statements are useful not only for internal financial planning but also are routinely required by the Internal Revenue Service (IRS).
 
  Indicate whether the statement is true or false

[Tonyam972]

Answer to Question 1

TRUE

Answer to Question 2

FALSE

[jlmhmf]

Great answer, keep it coming

[gcook]

Thanks for the timely response, appreciate it