Which of the following statements concerning the income statement is not true?()
A. It measures performance over a specific period of time.
B. It determines after-tax income of the firm.
C. It treats interest as an expense.
D. It includes depreciation.
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Which of the following belongs to current liability?()
A. accounts payable
B. common stock
C. inventories
D. accounts receivables
convertible securities(______ )
()is concerned with the acquisition, financing, and management of assets with some overall goal in mind.
A. financial management
B. profit maximization
C. agency theory
D. social
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