________ are worded in a way that allows the promisor to decide whether or not to perform the promise.
A. Novations
B. Modifications
C. Compositor promises
D. Illusory promises
Answer: D
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Two or more people working together to circumvent internal controls and defraud a company is known as ________.
A) encryption B) firewall C) collusion D) separation of duties
In preparing a company's statement of cash flows for the most recent year, the following information is available: Loss on the sale of equipment$14,700?Purchase of equipment 152,000?Proceeds from the sale of equipment 133,000?Repayment of outstanding bonds 90,500?Purchase of treasury stock 65,500?Issuance of common stock 99,500?Purchase of land 122,000?Increase in accounts receivable during the year 46,500?Decrease in accounts payable during the year 78,500?Payment of cash dividends 38,500?Net cash flows from investing activities for the year were:
A. $231,500 of net cash provided. B. $141,000 of net cash provided. C. $141,000 of net cash used. D. $126,300 of net cash used. E. $266,000 of net cash used.
A sentence reads "The report must be finished by Monday; therefore, we must work on a Saturday." In this sentence, the word "therefore" is a:
A. simple adverb. B. conjunctive adverb. C. correlative adverb. D. subjunctive adverb.
Historical data used to predict the average or trend of actual demand is based on which of the following assumptions?
a. Past demand is not a reliable predictor of its future. b. Past demand is a reliable predictor of its future. c. Past demand is directly proportional to its future. d. Past demand is independent of its future.