U.S. GAAP specifies criteria for a capital lease. Which of the following is not one of the criteria?
a. The lease transfers ownership of the leased asset to the lessee at the end of the lease term.
b. Transfer of ownership at the end of the lease term seems likely because the lessee has a bargain purchase option.
c. The lease extends for at least 75% of the asset's expected useful life.
d. The lease extends for at least 50% of the asset's expected useful life.
e. The present value of the contractual minimum lease payments equals or exceeds 90% of the fair value of the asset at the time the lessee signs the lease using a discount rate appropriate for the creditworthiness of the lessee.
D
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An employer is responsible for paying
a. FICA taxes. b. All of the answers listed c. federal and state unemployment taxes. d. workers' compensation.
Storytelling is the central feature of which theory?
A. elaboration likelihood model B. theory of planned behavior C. inoculation theory D. narrative paradigm
Publicly held firms that apply U.S. GAAP or IFRS must show earnings per common share data in the
a. body of the income statement. b. footnotes to the financial statements. c. management discussion and analysis. d. body of the balance sheet. e. body of the statement of cash flows.
Quality is the excellence of one's product, and this includes all of the following EXCEPT
A. zero-defects standards. B. lack of defects in the goods of a company. C. attractiveness of a product. D. short-term dependability of the company. E. reliability of the services.