What happens when the actual profit reported exceed the expected profit for a company?
A) there is no share price reaction because forecasts of profit almost never reflect actual results
B) it causes an increase in the share price
C) it causes a decrease in the share price
D) it can have any of these effects since it is impossible to understand the changes in market price of share
Correct Answer:
Verified
Q1: Which of the following is not commonly
Q3: The Ontario Securities Commission (OSC)is not empowered
Q4: Which of the following is false?
A)Relevance is
Q5: The secondary quality--comparability-assumes which of the following?
A)users
Q6: Which of the following is not used
Q7: Which of the following statements is true?
A.Accumulated
Q8: The qualitative characteristic that says accounting information
Q9: Which of the following websites provides access
Q10: What are current liabilities?
A)obligations which are incurred
Q11: In addition to the four required financial
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