A news lead should include ________
A) all elements indicated in the headline and subheadline
B) some mix of the "who, what, where, when, and how" elements
C) a well-written quote from story participants
D) extensive details about the story participants
B
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The following is NOT a major component of the financial statements:
a. auditor's opinion b. annual report c. explanatory notes d. balance sheet
Frederick Company borrows $63,000 from First City Bank and pledges its receivables as security. Which of the following is true regarding this transaction:
A. Frederick Company no longer has the risk of bad debts. B. Frederick Company's financial statements must disclose the pledging of receivables. C. First City Bank is the factor in this transaction. D. First City Bank takes ownership of the receivables at the time of the pledge. E. No journal entry is required for this event.
The single most visible factor that distinguishes successful culture-change efforts from failed attempts is
A. developing a new value statement that inspires company personnel to put forth their best efforts to achieve performance targets. B. competent leadership at the top. C. de-layering the management hierarchy. D. forceful management actions to empower employees to adopt new operating practices. E. convincing employees that top management is genuinely committed to high ethical standards and the exercise of corporate social responsibility.
The Check Clearing for the 21st Century Act requires banks to accept checks in electronic form
a. True b. False Indicate whether the statement is true or false