What is the process of dividing up assets and allocating them to resource providers (creditors and investors)?
A. Stock repayment
B. Utilization
C. Liquidation
D. Equity distribution
Answer: C
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Which of the following is a disadvantage of a partnership when compared to a corporation?
a. The partnership is more likely to have a net loss. b. The partnership is easier to organize. c. The partnership is less expensive to organize. d. The partnership has limited life.
Overstating ending inventory has the following effect on cost of goods sold and net income respectively
a. COGS - overstated and NI - overstated b. COGS - understated and NI - overstated c. COGS - overstated and NI - understated d. COGS - No effect and NI - understated
Which of the following should the client have as part of its process for estimating fair value?
a. A systematic process to identify each asset that is subject to realizable value estimation. b. A process to identify relevant historical values. c. An analysis of transactions that have taken place within the client's organization. d. A realistic process to estimate future cash flows to discount back to a present value.
The ______ is a formalized structure based on centralization and departmentalization.
A. organic model B. span of control C. bureaucracy structure D. mechanistic model