MODIFIED TRUE or FALSE. Write the word TRUE if the statement is valid and FALSE if otherwise. If the
statement is FALSE, underline the word(s) that make it wrong. Write your answer on the blank before each item.
22. In the goal-setting, time bound is the setting of specific timeframe for you to attainment of your goals.
23. Stock card #2 has information and data that are categorized as collective cluster.
24. Selling is market value or agreed exchange value that will purchase a definite quantity weight or other
measure of goods or service.
25. When the Total Revenue (TR) is lesser than the Total Cost (TC), there is a profit.
26. When a bottle of perfume cost P250.00 with 38% Target Profit in Percent (TPP), the selling price will
be P350.00
27. In computing financial ratio analysis, you need the following accounting records of Income Statement,
Three-Column Balance Sheet, Projected Income Statement, and Projected Balance Sheet.​