The Consumer Financial Protection Bureau is an independent executive agency housed within the Federal Reserve and was established to regulate consumer financial products or services solely under the Consumer Financial Protection Act of 2010
a. True
b. False
Indicate whether the statement is true or false
False
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Evan's Electronics Boutique sells a digital camera. The following information was reported for the digital camera last month: Sales$17,600Variable expenses 9,680Contribution margin 7,920Fixed expenses 3,600Net operating income$4,320Evan's margin of safety in dollars and percentage are closest to:
A. $9,600 and 120% B. $8,000 and 45% C. $9,600 and 55% D. $8,000 and 83%
Which of the following is true concerning a Chapter 11 bankruptcy?
a. Constitutes a complete shutdown of the organization b. Requires the entity to reorganize to pay creditors c. Is available only to persons d. Requires debtors to repay creditors over a specified period
Which of the following methods of reporting comprehensive income is preferred by the FASB?
a. Reporting comprehensive income in a combined statement of financial performance b. Reporting comprehensive income in a separate statement of comprehensive income which would begin with net income c. Reporting comprehensive income within a statement of changes in equity d. Not reporting comprehensive income
What proofreading procedure should Anthony use when proofreading a technical support manual?
a. Proofread only once, thoroughly checking for errors of various types. b. Proofread twice, concentrating in the first pass on content errors and in the second pass on format errors. c. Proofread three times, concentrating on content, organization, and style in the first pass, on mechanical errors in the second pass, and reading from right to left on the third pass. d. Allow the computer to do the proofreading, as it is more thorough and accurate.