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NEW QUESTION: 1
Project Management Process Groups are linked by:
A. common tools and techniques
B. the outputs they produce
C. discrete or one-time events
D. the project management plan
Answer: B
NEW QUESTION: 2
How are unearned revenues classified on the balance sheet?
A. Current liabilities.
B. Current assets.
C. Other revenues.
Answer: A
Explanation:
Since unearned revenues involve activities related to the business's normal operating cycle, they are classified as current liabilities. Unearned revenues represent an obligation to perform a service or to return money to a customer.
NEW QUESTION: 3
Which of the following statements concerning the statements of cashflows are INCORRECT?
A. They are the same as statements of comprehensive income
B. They are primary financial statements
C. They only deal with payment and receipt of money
D. Statements of cash flow allow users to identify cash flow issues
E. Companies with a negative cash flow shown in cash flow statements cannot be profitable
Answer: A,E
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