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 119 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?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Deep Palpation, Bimanual Method Deep Palpation, Bimanual Method
Performing Venipuncture Using the Vacutainer Method Performing Venipuncture Using the Vacutainer Method
Immunofluorescent staining of pemphigus and pemphigoid diseases. Indirect immunofluorescent ... Immunofluorescent staining of pemphigus and pemphigoid diseases. Indirect immunofluorescent ...
Physical and indirect aggression of boys and girls across childhood Physical and indirect aggression of boys and girls across childhood
Use a graphical method to find the length of the loan to the nearest year Use a graphical method to find the length of the loan to the nearest year
Fallacy proof Fallacy proof
Video: How to make cDNA Animation

For a complete list of videos, visit our video library