The Peace Bank of Ohio has just received a $50 million credit at the local clearing house. Which type of factor affecting legal reserves is this for the bank?
A. A controllable factor increasing legal reserves
B. A noncontrollable factor increasing legal reserves
C. A controllable factor decreasing legal reserves
D. A noncontrollable factor decreasing legal reserves
E. None of the options is correct
B. A noncontrollable factor increasing legal reserves
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The accounting standard provides considerable flexibility in reporting comprehensive income
Indicate whether the statement is true or false
Flubber Corporation owns 40 percent of the voting stock of Rhim Corporation and accounts for the investment using the equity method; Rhim Corporation reports a net loss of $30,000 . Flubber Corporation's entry to record the share of loss is:
a. Loss, Rhim Corporation Investment 12,000 Investment in Rhim Corporation 12,000 b. Loss, Rhim Corporation Investment 12,000 Loss, Rhim Corporation Investment 12,000 c. Investment in Rhim Corporation 30,000 Cash 30,000 d. Investment in Rhim Corporation 12,000 Cash 12,000
If the owner of goods entrusts them to a merchant, the merchant can transfer good title to the goods to a buyer in the ordinary course of business even if the original owner does not want to sell the goods
a. True b. False Indicate whether the statement is true or false
Monthly or weekly service schedule is the ______ set of decisions in the hierarchy of operations decision for ______ organizations.
a. last, manufacturing b. first, manufacturing c. last, service d. first, service