Phillip is a senior journalist at a news agency. He goes on a temporary leave for six months and travels around different parts of South Asia during his leave. He records his travel experiences in a book and shares it with his colleagues upon his return. During his leave, he was also being paid by the organization. This is an example of a(n)
A. downward move.
B. transfer.
C. externship.
D. sabbatical.
E. expatriate assignment.
Answer: D
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Smith and Company reported net income for the current year. Which of the following business transactions would cause cash from operating activities to be higher than the amount of net income?
A) Cash dividends were paid to stockholders during the year. B) Depreciation expense was recorded for the year. C) A bank loan was repaid during the year. D) Equipment was purchased for cash during the year.
Which of the following is true of warranty liability as it affects negotiable instruments?
a. Warranty liability applies to any persons who transfer an instrument and receive consideration. b. A drawee of an unaccepted draft who pays in good faith receives a presentment warranty from the person obtaining payment and from all prior transferors of the draft. c. A drawee who accepts an instrument in good faith receives a presentment warranty from the person obtaining acceptance that the draft has not been altered. d. All of these. e. None of these.
The primary function of law is to regulate the economy
Indicate whether the statement is true or false
The initial issuance of shares by a company in an IPO typically represents no more than:
A) 25%. B) 35%. C) 45%. D) 55%.