Liquidity refers to the speed with which the asset can be converted to an expense
Indicate whether the statement is true or false
F
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Fenchurch Corp uses the direct write-off method to account for bad debts. What are the effects on the accounting equation of the entry to record the write-off of a customer's account balance?
a. Assets and liabilities decrease. b. Assets and owners' equity decrease. c. Owners' equity decrease and liabilities increase. d. No effect; assets increase and decrease by the same amount.
Assume that a U.S. importer imports furniture from China. If the Commerce Department makes a preliminary investigation and finds evidence of dumping, the U.S. importer must pay a special tariff equal to the
a. estimated dumping margin on all imports of that product. b. estimated dumping margin on all sales of that product. c. estimated manufacturing cost on all imports of that product. d. estimated dumping margin on all exports of that product.
A variable that is controlled by the decision-maker and will change from one run to the next as different events are simulated is a(n) ________
Fill in the blanks with correct word
In a suit for fraud against the issuer of a security, which element would not have to be shown?
a. a security was involved b. there was a misleading statement or material omission c. bad information was contained in an SEC filing d. all elements must be shown e. none of these elements are necessary, but make for a stronger case