What is the main fiduciary duty of the board of directors?
A. Monitor executive compensation
B. Safeguard the interests of corporation and its shareholders
C. Allow high risk accounting practices
D. Maximize profits for the company
Answer: B
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A person who is to receive life insurance proceeds when the insured dies is known as a ________
A) donor B) bailee C) beneficiary D) notary
Manning Tint, Inc uses the indirect method to prepare its statement of cash flows
Refer to the following portion of the comparative balance sheet: Manning Tint, Inc Comparative Balance Sheet December 31, 2017 and 2016 2016 2015 Increase/(Decrease) Cash $28,000 $25,000 $3,000 Accounts Receivable 32,000 38,000 (6,000 ) Merchandise Inventory 55,000 25,000 30,000 Plant and Equipment 126,000 93,000 33,000 Accumulated Depreciation-Plant and Equipment (44,000 ) (45,000 ) (81,000 ) Total Assets $197,000 $136,000 $141,000 Additional information provided by the company includes the following: 1. Equipment was purchased for $66,000. 2. Equipment with a cost of $37,000 and accumulated depreciation of 7,200 was sold for $49,000. What was the amount of net cash provided by (used for) investing activities? A) $256,000 B) $17,000 C) $(256,000 ) D) $(17,000 )
Shelly is a manager in an event management firm. She is admired by all the employees of the firm for her open communication, empathetic behavior, and good leadership skills. In this scenario, Shelly exhibits strong _____.
A. human skills B. intrapersonal skills C. life skills D. cognitive skills
The risk of an asset can be measured by its variance, which is found by subtracting the worst outcome from the best outcome
Indicate whether the statement is true or false