The following is true about financial reporting, Ask an Expert

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The following is true about financial reporting alternatives:

a. The current value method is currently required under GAAP.

b. The unadjusted historical cost method is currently required by GAAP.

c. The historical cost-general price level adjusted method is currently required by GAAP.

d. The current value-general price level adjusted method is currently required by GAAP.

2. Customers arrive at a bank at a rate of 50 per hour. The bank has 3 tellers and on average, it takes 2 minutes to service a customer. What is the utilization rate?

a. 0.5556

b. 0.4444

c. 0.6667

d. 0.7500

e. 0.8100

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92165731

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