Trail Bike Corporation is a public company whose shares are traded in the public securities markets. Under the Securities Act of 1933, Trail Bike is required to
A) contribute to the operations of national stock exchanges
B) disclose financial and other information about its securities.
C) engage in market surveillance to deter undesirable practices.
D) all of the choices.
B
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The total amount of simple interest calculated annually on a $4,000 note payable in 5 years at 9% is:
a. $1,800.00 b. $1,411.20 c. $2,154.60 d. $554.04
Which of the following is not a component of the operating cycle?
a. Sales to customers b. Collection of accounts receivable c. Recognition of depreciation d. Purchases from suppliers
MIS is a business function. Which of the following does MIS perform to help aid the company in decision making and problem solving?
A. Moves information about people. B. Moves information about products. C. Moves processes across the company to improve systems. D. All of these.
Relative to traditional product costing, activity based costing differs in the way costs are:
a. allocated. b. incurred. c. processed. d. benchmarked.