Which of the following statements is NOT correct?
A. Rainy day amounts that are available "in emergencies" or in periods of "revenue shortfalls" would not be classified as committed unless the emergency or shortfall condition is specified and of a magnitude to distinguish it from events that occur routinely.
B. Governments should not report assigned fund balance amounts if the assignment for specific purpose results in a negative unassigned fund balance.
C. Resources in the General Fund may be assigned to a specific purpose if that is the intent of the government.
D. Assigned resources differ from committed in that assigned resources require a formal action by the governing body of the government.
Answer: D
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Reinegar Corporation is planning two new issues of 25-year bonds. Bond Par will be sold at its $1,000 par value, and it will have a 10% semiannual coupon. Bond OID will be an Original Issue Discount bond, and it will also have a 25-year maturity and a $1,000 par value, but its semiannual coupon will be only 6.25%. If both bonds are to provide investors with the same effective yield, how many of the OID bonds must Reinegar issue to raise $3,000,000? Disregard flotation costs, and round your final answer up to a whole number of bonds.
A. 4,228 B. 4,337 C. 4,448 D. 4,562 E. 4,676
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a. competition-oriented pricing b. promotional pricing c. varying costs across segments d. mark-up pricing e. cost recovery pricing
For MNCs, which of the following may be reasons for establishing joint ventures?
a. Reducing transaction costs b. Reducing status hierarchies c. Gaining knowledge d. Sharpening brand image