Current assets would usually NOT include
A) accounts receivable. B) plant and equipment.
C) inventories. D) marketable securities.
B
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Which of the following is not a use of CAATs in auditing?
A. Fraud examination B. Produce terms and conditions of employment C. Analytical review procedures D. Test of details of transactions and balances
Aspin Skis has 5,000 shares of $100 par value 10% preferred stock issued and outstanding. This stock is non-cumulative. The Board of Directors of Tahoe snowboards did not declare dividends on the preferred stock in 2009 and 2010 . In 2011, how much must be paid to the preferred shareholders before the common shareholders can be paid a dividend?
a. $50,000 b. $100,000 c. $0 d. $150,000
Which of the following is the best advice during Phase 1 of the writing process when delivering negative news?
A) One of your first considerations should be to determine how the message will affect your company. B) To show sensitivity, you should always deliver bad news using the indirect method. C) Delivering negative news in a letter on company stationery will be more impressive than in an e-mail. D) All of these choices.
Elmer agreed to act as the conditional guarantor of collection on a debt of $50,000 that Fred owed to Gloria. Fred paid Elmer a premium to serve as surety. If Fred defaults on the debt, what are Gloria's rights against Elmer?