Generally accepted accounting principles
a. are accounting adaptations based on the laws of economic science.
b. derive their credibility and authority from legal rulings and court precedents.
c. derive their credibility and authority from the federal government through the financial reporting section of the SEC.
d. derive their credibility and authority from general recognition and acceptance by the accounting profession.
D
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Companies may use a special bank account solely for the purpose of paying employees, by depositing an amount equal to the total employees' net pay into the account each pay period and drawing the employees' payroll checks on the account. This account is a(n):
A. Federal depository bank account. B. Payroll bank account. C. Payroll register account. D. Employee's Individual Earnings account. E. Employees' bank account.
The primary purpose of a stock split is to reduce the number of shares outstanding in order to encourage more investors to enter the market for the company's shares
Indicate whether the statement is true or false
Another name for market risk is:
A) systematic risk. B) standard deviation. C) unsystematic risk. D) total risk.
When leaders first respond to changes in the environment that threaten the organization’s survival, their first concern should be ______.
A. the content of change B. the process of change C. the cycle of change D. the system of change