Which of the Following Are Reasons Why a Firm May

question 58

Multiple Choice

Which of the following are reasons why a firm may want to divest itself of some of its assets?
I.to raise cash
II.to get rid of unprofitable operations
III.to get rid of some assets received in an acquisition
IV.to cash in on some profitable operations

• A)I and II only
• B)I, II, and III only
• C)I, III, and IV only
• D)II, III, and IV only
• E)I, II, III, and IV

Analyze the significance of footing and crossfooting in ensuring the accuracy of journal totals.

Prepare a schedule of accounts receivable and payable and understand its importance in financial reporting.

Discuss the concept and calculation of segment return on assets and its significance for profitability analysis.

Illustrate the adjustment and correction processes in the event of errors in the accounting records.

---

Definitions:

Unsolicited Proposal

A proposal submitted to an organization that has not requested it, often aiming to solve a perceived problem or offer services.

Letter of Transmittal

A document that accompanies a report or other deliverable, explaining the context or purpose of the document being sent.

Persuasive Messages

Communications designed to convince or influence the audience to adopt a certain perspective or to take a specific action.

Formal Report

A structured document that presents information in a clear and organized format for a specific audience and purpose, often including research findings or recommendations.