Solved

Which of the Following Statements Is True of Indirect Methods

Question 10

Multiple Choice

Which of the following statements is true of indirect methods of proof?


A) The cash method, which has limited application, is feasible only when the number of units and price can be determined easily.
B) When there is an accumulation of assets without a corresponding source of funds the unit and volume method is most commonly used.
C) The bank deposit method is used when the subject (individual or business) consumes income rather than accumulates assets.
D) Successful use of the net worth method requires a complete reconstruction of the subject's financial history, including all assets, liabilities, expenditures, and sources of funds.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents