Which of the following elects members of the board of directors for a corporation?
A. the CEO
B. the corporate officers
C. the shareholders
D. the employees
Answer: C
You might also like to view...
The benefits of the object-oriented approach to systems design include all of the following except
a. this approach does not require input from accountants and auditors b. development time is reduced c. a standard module once tested does not have to be retested until changes are made d. system maintenance activities are simplified
Which of the following statements is LEAST likely to be true about networking?
A. Relationships are based on usefulness and profit sharing. B. The people who make up your relationship network will allow you to learn from them. C. Building and maintaining relationships requires the mutual investment of effort, time, and resources. D. Salespeople should always ask themselves how they can help those in their network. E. Networking is your personal array of relationship.
The temporary difference associated with accelerated depreciation for tax purposes and straight-line depreciation for financial reporting purposes means that a firm will pay _____ income taxes in the early years of the asset's life, but this temporary difference will reverse over the entire asset life, resulting in _____ taxes in later years
a. higher; higher b. lower; higher c. higher; lower d. lower; lower e. average; average
The accounting equation can be expressed in all of the following ways except ________
a. Assets = Liabilities + Owner's Equity b. Liabilities = Assets + Owner's Equity c. Owner's Equity = Assets ? Liabilities d. Liabilities = Assets ? Owner's Equity