Accounting scandals can often be attributed to a particular concept in the study of finance known as the _____ .
A. agency problem
B. risk-return trade-off
C. allocation of risk
D. securitization
A. agency problem
You might also like to view...
During July, Audio City sold 200 radios for $50 each. Each radio had cost Audio City $30 to purchase and carried a two-year warranty. If 5 percent typically need to be replaced over the warranty period and one actually is replaced during July, the entry to record the Product Warranty Expense is:
a. Product Warranty Expense 30 Estimated Product Warranty Liability 30 b. Product Warranty Expense 150 Cash 150 c. Product Warranty Expense 300 Estimated Product Warranty Liability 300 d. Estimated Product Warranty Liability 600 Product Warranty Expense 600
Avery and Bert are partners who share profits in a ratio of 2:1 and have capital balances of $75,000 and $150,000, respectively. The partners agree to admit Carmen to the partnership. Carmen invests $75,000 for a 35 percent interest in the partnership. The new total capital balance after admitting Carmen is $300,000. The entry to record the admission of Carmen to the partnership is:
A) Cash 75,000 Carmen, Capital 75,000 B) Cash 105,000 Carmen, Capital 105,000 C) Cash 75,000 Avery, Capital 20,000Bert, Capital 10,000Carmen, Capital 105,000 D) Cash 105,000 Carmen, Capital 75,000Avery, Capital 20,000Bert, Capital 10,000
According to generally accepted accounting principles, most expenditures for intangible assets acquired from others should be treated as revenue expenditures when incurred
Indicate whether the statement is true or false
Which one of the following is the ultimate evaluation of public relations programs and the practitioners who plan and conduct them?
A. Market share increases D. Awards from professional societies B. Cost effectiveness E. Nature of social and cultural change C. How many learned message