1- What does an income statement primarily do?

Select one: a. Provides a snapshot of a firm's financial condition b. Describes the financial performance of a firm over a period of time c. Indicates all current assets and liabilities d. Both A and C

2- The important data that must be filled in before the second pass can be completed in the CPM is ____. Select one: a. that in the final node LF must be made equal to EF. b. that all LF data points must be made equal to their corresponding EF. c. in the final node, the LS must be made equal to the LF. d. that, on the first and last nodes only, the LF data points must be made equal to their corresponding EF

3- ailure to separate ___ and ___ can lead to confusing result and poor decisions Select one: a. Cash flow; investment b. Financing; accounting c. Financing; investment d. None of the above