Answer the following statements true (T) or false (F)
The first lease accounting standard was issued in 1966.
ANSWER: F
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Rebate programs tend to be more effective than other promotions because consumers get excited about them and this leads them to wait patiently until one is offered before making a purchase
Indicate whether the statement is true or false
Financial statement notes must disclose significant limitations on dividend declarations
Indicate whether the statement is true or false
Which of the following reasons explain why federal regulators adopted a policy of regulatory forbearance toward insolvent financial institutions in the early 1980s?
A) The FSLIC lacked sufficient funds to cover insured deposits in the insolvent S&Ls. B) The regulators were reluctant to close the firms that justified their regulatory existence. C) The Federal Home Loan Bank Board and the FSLIC were reluctant to admit that they were in over their heads with problems. D) All of the above are reasons. E) Only A and B of the above are reasons.
Times-interest-earned uses
A. gross earnings. B. operating earnings. C. net earnings. D. per share earnings.