Which of the following is true of bankruptcy petitions?
A) Involuntary petitions require petitions from a minimum of two creditors
B) A creditor's claims must not be subject to a valid dispute.
C) ?A creditor's claims can be contingent.
D) ?Voluntary petitions cannot be filed by farmers.
B
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Which of the following could test the assertion of cutoff for payroll-related liabilities?
A. Compare items in accrued payroll taxes to the supporting payroll tax return. B. Search for unrecorded liabilities. C. Review payroll liabilities for proper classification as short- or long-term. D. Examine payroll tax returns to determine that the expense was recorded in the proper period.
The LEAST likely reason for cost differentials between countries is:
a. Lower labor rates b. Longer transportation routes c. Exchange rate differences d. Government subsidies
A coupon bond that pays interest annually is selling at a par value of $1,000, matures in five years, and has a coupon rate of 9%. The yield to maturity on this bond is
A. 8.0%. B. 8.3%. C. 9.0%. D. 10.0%. E. None of the options are correct.
''Fault lines'' are more likely to occur when teams:
A. have very few members. B. are involved in sequential interdependence. C. engage in participative management. D. are highly interdependent. E. are diverse.