How many of the following items are found on the balance sheet, rather than the income statement?
Accounts receivable
Retained earnings
Income tax expense
Accrued payable
Cash
Selling and administrative expenses
Plant and equipment
Operating expense
Marketable securities
Interest expense
A) Three of these items are found on the balance sheet.
B) Four of these items are found on the balance sheet.
C) Five of these items are found on the balance sheet.
D) Six of these items are found on the balance sheet.
D) Six of these items are found on the balance sheet.
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What sources of information used by external decision making are directly affected by existing FASB standards?
A) Accounting Policies B) Management Discussion and Analysis C) Economic Statistics D) Letters to Stockholders
Natalie injured herself while trimming the sides of her hedge with her electric lawn mower. In this case, Natalie:
A. can recover under strict liability because the lawn mower was by itself dangerous. B. can recover under strict liability even though her use of the lawn mower to trim the sides of her hedge was not foreseeable by the manufacturers. C. cannot recover under strict liability because she misused the electric lawn mower. D. can sue all market manufacturers of electric lawn mowers for dangerous product designs.
Why do many U.S. firms prefer to sell in Canada, England, and Australia, rather than in Germany and France?
A) They prefer markets that are culturally distant. B) Germany and France have larger markets. C) They feel more comfortable with the languages, laws, and culture. D) They are seeking markets with high market risk. E) This gives them a toehold in fast-growing markets.
Which of the following questions should researchers ask when assessing symptoms?
A) Can the symptoms be corroborated by other factors identified in the situation analysis? B) Are the symptoms aberrant? C) Are the symptoms likely to occur again? D) A and B E) all of the above