Which of the following is issued to shareholders by a corporation as evidence of the ownership of rights to acquire its unissued or treasury stock?
a. Stock options
b. Stock rights
c. Stock dividends
d. Stock subscriptions
e. None of these choices is correct.
B
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An internal control questionnaire indicates that an approved receiving report is required to accompany every check request for payment of merchandise. Which of the following procedures provides the greatest assurance that this control is operating effectively?
A. Select and examine receiving reports and ascertain that the related canceled checks are dated no earlier than the receiving reports. B. Select and examine canceled checks and ascertain that the related receiving reports are dated no earlier than the checks. C. Select and examine receiving reports and ascertain that the related canceled checks are dated no later than the receiving reports. D. Select and examine canceled checks and ascertain that the related receiving reports are dated no later than the checks.
What's the present value of $4,500 discounted back 5 years if the appropriate interest rate is 4.5%, compounded semiannually?
A. $3,089 B. $3,251 C. $3,422 D. $3,602 E. $3,782
A net loss results in a decrease in
A) revenues. B) expenses. C) stockholders' equity. D) liabilities.
What type of research is being used when gathering data from structured survey responses that are numerical in nature?
A) Qualitative B) Secondary C) Tertiary D) Observational E) Quantitative