MegaCorp is incorporated under Delaware law. It is registered to do business in New York. Legally, in New York MegaCorp is known as what kind of corporation?
A)?Domestic
B)?Foreign
C)?Secondary
D)?Cumulative
B
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For those clients with treasury stock, which of the following would the auditor be least likely to perform?
a. Obtaining confirmations from the stock transfer agent. b. Tracing transactions through the cash receipts journal. c. Tracing transactions through the cash disbursements journal. d. Reviewing a copy of the client's articles of incorporation.
Which of the following is NOT a profitability measure that is used to compare companies of different sizes?
A) earnings per share B) rate of return on common stockholders' equity C) price/earnings ratio D) outstanding common stock ratio
One of the important factors when selecting appropriate cost drivers is the ability to overcost related services.
Answer the following statement true (T) or false (F)
Which of the following is NOT a true statement about action strategy?
A. It should benefit only the organization, not its stakeholders. B. It primarily involves internal organizational change. C. It is an organization's open systems response to change pressures in its environment. D. It is necessary for organizational survival. E. It must be socially responsible.