Which of the following describes the effects of a claims exchange transaction on a company's financial statements? Assets=Liab.+EquityRev.?Exp.=Net Inc.Stmt ofCash FlowsA.NA=NA+NANA?NA=NA+OAB.+=++NANA?NA=NA+OAC.NA=++?NA?+=?NAD.All of these could represent the effects of a claims exchange transaction.
A. Option A
B. Option B
C. Option C
D. Option D
Answer: C
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In cases where an officer or director has been found guilty of a crime, he or she may be indemnified under voluntary indemnification if:
A. he or she acted in a manner that he or she believed not to be opposed to the corporation's best interests. B. he or she had reason to believe that his or her conduct was unlawful. C. he or she prevails on the merits of the suit against him or her. D. he or she acts in bad faith.
Which of the following items are NOT reported as part of income from continuing operations?
A) discontinued operations B) gross profit C) other income and (expenses) D) gain on sale of equipment
Deluxe Jewelry Corporation produces quality jewelry items for various retailers. For the coming year, it has estimated it will consume 500 ounces of gold. Its carrying costs for a year are $2 per ounce. No safety stock is maintained. If the EOQ is 100 ounces, what would be the estimate for Deluxe Jewelry' total carrying costs for the coming year?
a. $200 b. $250 c. $100 d. $1,000
For a company to translate its performance of value chain activities into a competitive advantage, it must
A. have at least three distinctive competencies. B. have more competitive assets than competitive liabilities. C. have competencies that allow it to produce the highest-quality product in the industry. D. have more core competencies than rivals. E. undertake ongoing and persistent efforts to be cost-efficient and develop differentiation advantages.