In Which Year Was DSM-5 Published

question 53

Multiple Choice

In which year was DSM-5 published?

• A) 2004
• B) 2007
• C) 2010
• D) 2013

Analyze the financial feasibility and impacts of replacing equipment or adding new product lines.

Understand the role of net working capital in project analysis and its effect over the project's life span.

Estimate the after-tax salvage value of assets and its contribution to the project's overall financial performance.

Calculate and interpret the impact of changes in sales, costs, and net working capital on the operating cash flow of a project.

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Definitions:

Liability Account

An account on a company's balance sheet representing debts or obligations that the company owes to others.

Revenue Recognition Principle

An accounting principle that dictates the conditions under which revenue is recognized and recorded, usually when it is earned and realizable.

Cash

Liquid currency and assets readily convertible to cash that are used by businesses to conduct transactions, pay expenses, and provide financial buffers.

Deferrals

Transactions where the recognition of revenue or expenses is postponed to future accounting periods.