Unless the form provides for a longer period, a proxy is valid for how long under the Model Act?
a. 90 days
b. six months
c. 11 months
d. one year
c
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Which one of the following statements regarding operating losses is false?
A) The tax benefit of an operating loss carryback is recognized in the period of loss as a current receivable on the balance sheet. B) Temporary differences and operating loss carryforwards are accounted for similarly. C) The journal entry to recognize an operating loss carryback would include a credit to Income Tax Benefit from Operating Loss Carryback. D) The tax benefit of an operating loss carryforward is to be recognized in the period of loss as a current receivable.
The Soap Manufacturing Company has three employees who work in the warehouse. All of the warehouse workers are authorized to order inventory when it falls below the reorder level. The workers complete a purchase order and mail it to the supplier of
their choice. The inventory is delivered directly to the warehouse. The workers send a memo to accounts payable reporting the receipt of inventory. Accounts payable compares the warehouse memo to the supplier's invoice. Accounts payable prepares a check which the treasurer signs. Discuss potential internal control risks inherent in this system.
The post-closing trial balance differs from the adjusted trial balance in that it does not
A) take into account dividends. B) take into account adjusting entries. C) include income statement accounts. D) include balance sheet accounts.
Answer the following statement(s) true (T) or false (F)
1. Managing emotion—this dimension concerns the ability to regulate emotions, to think about one’s feelings, and to assess the effect different emotions would have on others 2. There is little biological evidence behind the theories of emotional and social intelligence: Scientists have disproven the claim that there are mirror neurons that mimic the emotions that people observe. 3. 100% of the studies on leadership emergence support the premise that emotional intelligence/competencies were positively related to leadership emergence. 4. A study of student project teams found that emotional intelligence (as measured by the MSCEIT) was a better predictor of leadership emergence than cognitive intelligence or any of the Big Five personality measures.