Which of the following statements is typically not true regarding controls related to proper accounting for stock option grants?
a. The proper accounting for stock option grants is researched by the organization's accountant.
b. The analysis of the accountant regarding stock option grants is reviewed by the CFO.
c. The analysis of the accountant regarding stock option grants is reviewed by the organization's legal counsel.
d. The analysis of the accountant regarding stock option grants is reviewed by the board of directors.
d
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The Department of Homeland Security, the federal Food and Drug Administration (FDA), the National Labor Relations Board (NLRB), and the Equal Employment Opportunity Commission (EEOC) are all examples of ________.
A. state law enforcement agencies B. federal administrative agencies C. Congressional oversight committees D. municipal service bureaus
The ________ section of the statement of cash flows includes increases and decreases in long-term assets.
A) investing activities B) financing activities C) operating activities D) non-cash operating activities
In which of the following circumstances is a decree of judicial dissolution granted to a partner?
A) A partner is rendered incapacitated to perform his or her duties. B) The partners do not have sufficient funds to repay debts. C) It is not reasonably practical to carry on the business in conformity with the limited partnership agreement. D) All limited partners have withdrawn but the general partners want to continue with the partnership.
Ron does not make a payment on his car loan for several months. The dealer, Star Auto, repossesses the car by towing it from a public parking lot. Ron sues Star for breach of the peace. Ron will probably
A. prevail, because Ron has not formally defaulted on the car loan. B. prevail, because the car was in a public lot when it was towed. C. not prevail, because the repossession was not a breach of the peace. D. not prevail, because a creditor can repossess property in which it holds an interest if no threats or force are used against a debtor.