Jullian fails to make her monthly loan payment to the bank. She is said to be in denial.

Answer the following statement true (T) or false (F)


False

You are supposed to make monthly payments to the bank, but you lose your job and cannot make the payments. When you fail to make these payments, you default on the loan.

Business

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The balance of the income summary account of a corporation is transferred to which of the following accounts?

a. Capital Stock b. Cash c. Premium on Sale of Capital Stock d. Retained Earnings

Business

Business rules are unrelated to COSO control activities, although they serve an important purpose.

Answer the following statement true (T) or false (F)

Business

Kalis Corporation's stockholders' equity equals one-third of the company's total assets. The company's liabilities are $120,000 . What is the amount of the company's stockholders' equity?

Business

______ is the percentage of times that a system or equipment is operating properly when it is needed for use.

A. Availability B. Maintainability C. Redundancy D. Reliability

Business