The shortcut for determining how to convert from accrual to cash when creating a statement of cash flows is similar to which other shortcut we used this semester?

a. The shortcut for determining the conversion from GAAP to tax line items.
b. The shortcut for determining the conversion from Contract Liability to Sales Revenue.
c. The shortcut for determining the conversion of corridor smoothing to pension expense.
d. The shortcut for determining the conversion from LIFO to FIFO Retail Inventory Method.

D

Explanation:

The shortcut for determining the conversion from LIFO to FIFO retail inventory method.

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

the answer to this question would be shared investment