Suppose that currently, 1 British pound equals 1.98 U.S. dollars and 1 U.S. dollar equals 1.25 Swiss francs. How many Swiss francs are needed to purchase 1 pound?
A. 2.1285
B. 2.3760
C. 1.9058
D. 2.5988
E. 2.4750
Answer: E
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SFAS No. 123 was issued as a compromise to the FASB's original position regarding stock options as it:
A. allowed companies to choose either the APB No. 25 approach or expense the fair value of the options. B. abandoned any reference to recognition of expense for options. C. required companies to measure the fair value of stock options and charge this to expense. D. required companies to continue following the approach used in APB No. 25.
Generally applicants for CFE certification should have a minimum of a bachelor's degree or equivalent from an institution of higher learning. Alternatively if applicants do not have a bachelor's degree, they may substitute ______ months of fraud-related professional experience for each year of academic study
a. 24 b. 18 c. 15 d. 12 e. 9
Many companies choose to end their fiscal years during a part of the year when they expect low activity.
Answer the following statement true (T) or false (F)
Which of the following is not a destination layer in the transportation model?
a. Machines b. Warehouses c. Cities d. All of the above can serve as source layer in the transportation model.