Long-term liabilities can be structured with equal principal payments or with an equal total payment amount
Indicate whether the statement is true or false
TRUE
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The market leader should look for new customers or more usage from existing customers
Indicate whether the statement is true or false
The general journal is used to record recurring transactions that are similar in nature
Indicate whether the statement is true or false
After many years of successful operation, a financial services firm uncovers a specific fraud in which employees were accepting personal gifts from clients for preferred treatment. Which of the following is most likely going to need revision as a result?
a. code of conduct b. code of ethics c. vision statement d. mission statement
Which of the following statements are NOT true concerning the responsibilities of the Fed?
a. The Fed controls the size of the money supply. b. The Fed provides national check clearing services. c. The Fed directly insures deposits against bank failures. d. The Fed is responsible for supervising/regulating commercial banks. e. The Fed regulates the discount rate.