Shares may be issued with: ______
A) no rights to dividends or profits.
B) no par value.
C) have a fractional interest in the total property of the corporation no book value.
D) specific interest in corporate property.
B
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Which of the following bodies did not publish one of the important committee reports and documents that lead to accounting objectives and standards?
a. AAA b. AICPA c. APB d. CAP
Which of the following statements is true with regard to defined benefit and defined contribution pension plans?
A) It's easier for an employer to determine its annual pension contribution under a defined benefit plan than under a defined contribution plan. B) When a new pension plan is installed, it's more beneficial for older workers if it's a defined contribution plan rather than a defined benefit plan. C) The employer bears the investment risk under a defined contribution plan, and the employee bears the investment risk under a defined benefit plan. D) With a defined benefit plan, the retirement benefit is known is advance but the contributions vary; with a defined contribution plan, the contribution rate is fixed but the retirement benefit varies.
The concept of materiality would be least important to an auditor when considering the:
A. Total value of the account being audited. B. Discovery of weaknesses in a client's internal control. C. Adequacy of disclosure of a client's illegal act. D. Effects of a direct financial interest in the client upon the CPA's independence.
According to Fiedler, _____ is the degree to which the group's task is well defined
A) task thread B) task stream C) task orientation D) task structure E) task parallel