Fred, a Financial Accountant at a Multinational Company, Is Asked

question 145

Multiple Choice

Fred, a financial accountant at a multinational company, is asked by his supervisor to find out the exact income the company earns from the sale of its products over the next five weeks. To do this, for the next five weeks, Fred matches the revenue earned from the sale of the company's products and matches the expenses incurred by the company to the revenue they help produce. In this scenario, which of the following has Fred used to get the required information?

• A) Accrual-basis accounting
• B) Horizontal analysis
• C) Liquidity index
• D) Static analysis

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Definitions:

Collective

Refers to a group of entities that share or are motivated by at least one common issue or interest, or work together to achieve a common objective.

Individual Functioning

Individual functioning refers to the capacity and efficiency with which an individual can perform necessary daily activities and fulfill personal and social roles.

Delabeling

The process of removing or reducing the impact of negative or stigmatizing labels associated with individuals or groups, promoting a more inclusive and unbiased perspective.

Perception of Behavior

The way an individual's actions are interpreted or understood by others, influenced by cultural, social, and personal biases.