Charles Keating
A) was allowed to acquire Lincoln Savings and Loan of Irvine, California, even though he had been accused of fraud by the SEC only four-and-a-half years earlier.
B) fired Lincoln's conservative lending officers and internal auditors, even though he had promised regulators he would keep them.
C) enlisted the help of five senators to delay the seizure of Lincoln's assets.
D) did all of the above.
D
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Analysts reporting on companies will pay close attention to the disclosures regarding pension benefits. Key points include all of the following except:
A. because of high assumed discount rates, most pension plans have remained underfunded with funding ratios ranging between 69% and 86% since 2008. B. to help analysts determine whether fund assets are large enough to satisfy currently anticipated pension benefit payouts, FASB ASC Topic 715 requires firms to provide a table that lists the dollar benefits expected to be paid in each of the ensuing five years and in the aggregate for the five years thereafter. C. while companies with overfunded plans can suspend funding for long periods and use the cash for other operating purposes, underfunded plans may reflect past and continuing cash flow difficulties. D. the common rule of thumb is that a 1% decrease in discount rate would increase PBO by 17.0% whereas a 1% increase would decrease it by 14.5%.
The difference between accrual-based revenue and accrual-based expenses is called _________________________
Fill in the blank(s) with correct word
The reason employees behave unethically at times is usually for ______ gain, to avoid getting into trouble, or because they don’t believe the rules apply to them.
A. cultural B. organizational C. personal D. societal
The recording of the jobs shipped and customers billed would include a debit to:
A) Accounts Payable B) Cash C) Finished Goods D) Cost of Goods Sold