The Private Securities Litigation Reform Act of 1995 gives the Securities and Exchange Commission cease-and-desist powers and the power to impose substantial monetary penalties in administrative proceedings
Indicate whether the statement is true or false
FALSE
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For financial reporting purposes, acquisition and disposition of trading securities are usually _____ activities
a. nonoperating b. financing c. investing d. operating e. exchange
Chancellor Company is divided into four departments. Departments A and B are service departments and Departments 1 and 2 are operating (production) departments. The services of the two service departments are used by the other departments as follows: ?Dept. ADept. BDept. 1Dept. 2Services of:????Department A............ ?50%20%30%Department B............??40%60%Direct costs incurred by each department$60,000$50,000$70,000$80,000Complete the following table:?Allocation of Expenses to Departments?Department A?Department B?Department 1?Department 2Total direct??????? Department expenses..$60,000?$50,000?$ 70,000?$ 80,000Service department expenses??????? Department
A............???????Subtotal........................??????? Department B............???????Total.............................??????? What will be an ideal response?
Coke-Pepsi PhotoConsider the Coke-Pepsi photo above. Thirty three percent of Pepsi's marketing and advertising executives say they would decline an offer to buy one of Coke's marketing plans and samples. Of these, most said that they
A. knew they would get fired. B. thought they might go to work for Coke one day and didn't want to spoil their employment chances. C. would prefer competing ethically so they could sleep at night. D. were afraid the media would find out. E. didn't want to disappoint their co-workers.
Tort damages generally attempt to restore the plaintiff to the same position he or she was in before the tort occurred
a. True b. False Indicate whether the statement is true or false