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FAR > FAR 2 > Flashcards

FAR 2 Flashcards

1
Q

Is cash basis accounting GAAP regarding financial reporting?

A

Cash basis for financial reporting is not GAAP.

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2
Q

DuPont return on asset?

A

(Net Inc / Net Sales) x (Net Sales / Avg total Assets)

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FAR (5 decks)

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