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Question #1 What are discretionary accounts? A) Accounts that require management to deliberatley...

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Accounting

Question #1
What are discretionary accounts?
A) Accounts that require management to deliberatley increase or decrease
B) Accounts that increase automatically with sales
C) Accounts that include current assets
D) Accounts that appear only on an income statement
Question #2
Which process fits with the activities of capital budgeting and planning?
A) Selecting cash flows for long lived projects
B) Selecting cash flows for short lived projects
C) Selecting long lived projects that will enhance firm value
D) Selecting short lived projects that will enhance firm value

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