A) approximately $.21/share
B) approximately $20.50/share
C) approximately $4.87/share
D) approximately - $2.00/share
Correct Answer
verified
True/False
Correct Answer
verified
Multiple Choice
A) According to the FASB (Financial Accounting Standards Board) ruling says if the boss agrees to sign-off on accounting documents, the accountant is safe from prosecution.
B) According to the FASB, as long as you are not a certified internal auditor, you will not be held accountable for such actions.
C) As a professional, the accountant is held to the standards of generally accepted accounting principles and the FASB. If these guidelines are not followed, the accountant is potentially liable for illegal and unethical behavior.
D) Investors use a variety of methods to determine if a firm is fundamentally sound, so they are less likely to grimace at your actions as the
Correct Answer
verified
True/False
Correct Answer
verified
True/False
Correct Answer
verified
True/False
Correct Answer
verified
True/False
Correct Answer
verified
Multiple Choice
A) ledger statement
B) balance sheet
C) trial balance
D) statement of cash flows
Correct Answer
verified
Multiple Choice
A) Accounting functions must be performed by an "outsider" (rather than by an employee of the business) in order to avoid conflicts of interest.
B) Accounting offers us insight into whether the business is financially sound.
C) Accounting involves mainly clerical activities and thus requires very little analysis.
D) Accounting deals exclusively with numbers.
Correct Answer
verified
Multiple Choice
A) acid-test
B) cash flow
C) diluted current asset
D) required reserve
Correct Answer
verified
True/False
Correct Answer
verified
True/False
Correct Answer
verified
Multiple Choice
A) Patents and copyrights are included with the firm's intangible assets on the balance sheet.
B) Patents and copyrights are included with the firm's long-term liabilities on the balance sheet.
C) Patents and copyrights are included with the firm's cost of goods sold on the income statement.
D) Patents and copyrights are included with the firm's fixed assets on the balance sheet.
Correct Answer
verified
Multiple Choice
A) general journal.
B) statement of cash flows.
C) asset summary.
D) social audit.
Correct Answer
verified
True/False
Correct Answer
verified
True/False
Correct Answer
verified
True/False
Correct Answer
verified
True/False
Correct Answer
verified
Multiple Choice
A) Posting the results of these statements to the appropriate journal.
B) Analyzing the firm's financial statements to evaluate the financial condition of the firm.
C) Conducting forensic tests of the data to ensure its accuracy.
D) Placing the data used to construct the statements into an archive known as a data warehouse.
Correct Answer
verified
True/False
Correct Answer
verified
Showing 341 - 360 of 365
Related Exams