the letter corepl Part A. Multiple Choiee/Short Answer Questions: Please circle answer for each multiple choice question. Select the single BEST answer. Please write you answers for the short answer questions. (3 points each) 1. Which of the folowing is NOT one of the Revenue Recognition criteria of the SEC? A. Evidence of an arrangement between buyer and seller B. The product has been delivered or service has been rendered C. The price is determined or determinable -D. An order and deposit have been placed, but the product has not yet been made E. The seller is reasonable assured of collecting the money The major use of cash for a firm in its Decline Stage of Firm Life Cycle would likely con from: A. Operating Activities B. Investing Activities C. Financing Activities D. Fixed Asset Sales E. Both A and B are correct 2. 3. Two firms are identical except Company A pays higher interest charges and lower dividen while Company B pays lower interest charges and higher dividends. This will result in: A. Company A having both a higher Operating Cash Flow and a higher Financing Cash FI B. Company B having both a higher Operating Cash Flow and a higher Financing Cash FI C. Company A having a higher Operating Cash Flow and a lower Financing Cash Flow. D. Company B having a higher Operating Cash Flow and a lower Financing Cash Flow. E. None of the above are correct. 4. Company A and Company B each have exactly $10 million in Total Assets. However, Company A has a higher Equity Multiplier than Company B. This means that: A. Company A must have more Stockholders Equity than Company B. B. Company A must have more Liabilities than Company B. C. Company A must have a higher Profit Margin than Company B D. Company A must have a higher Total Asset Turnover than Company B. E. None of the above are correct 5. What are the three objectives of the Securities and Exchange Commission