A control account ________.
A) does not appear on the balance sheet
B) has a balance that equals the sum of the balances in a group of related accounts in a subsidiary ledger
C) is equivalent to a contra account and represents the offsetting nature of debits and credits on a firms financial statements
D) holds individual accounts that support a general ledger account
B) has a balance that equals the sum of the balances in a group of related accounts in a subsidiary ledger
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Which of the following is not a reason why balance sheet changes do not map directly into the corresponding account changes in the statement of cash flows?
A. Asset write-offs and impairments. B. Simultaneous noncash financing and investing activities. C. Acquisitions of other companies. D. The effect of "playing the float" on accounts payable balances.
The approximate yield to maturity of a bond is greater than the stated rate of interest when the:
A. bond is purchased at face value. B. bond is purchased at a discount. C. bond is purchased at a premium. D. market rates of interest decline. E. market rates of interest are constant.
Cost savings is the main criterion for ______ that can be purchased from multiple service providers.
A. strategic services B. standard services C. public services D. nonstrategic services
Aaron is concerned about union organizing activities among his employees. He knows that many of the employees like and respect Derrick. Aaron thinks if he can get Derrick to vote against the union, others will do so as well. Aaron offers Derrick a 10% raise if Derrick does not vote for the union. Aaron knows this will be a lot of money, but thinks he will save money in the long term by avoiding the union. It appears that Aaron violated which of the NO TIPS rules for what management cannot do for labor elections.
A. No Threats B. No Interrogations C. No Promises D. No Spying E. None of the above