The use and disclosure of personal medical information is protected by the
A. Privacy Act of 1974.
B. Health Insurance Portability and Accountability Act of 1996.
C. Electronic Communications Privacy Act of 1986.
D. Public Health Service Act of 1944.
Answer: B
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Answer the following statements true (T) or false (F)
1. When a corporation issues stock at par value, the Cash account is debited and the Common Stock account is credited for an amount equal to the number of shares issued times the par value per share. 2. When a company issues stock at an amount greater than the par value, a gain is recorded for the difference between the issue price and the par value. 3. When a corporation sells 9,000 shares of $12 par value common stock for $159,000, Common Stock is credited for $108,000. 4. Stock issued at amounts in excess of par value results in a gain that is reported on the income statement. 5. Most corporations set par value low and issue common stock at a premium.
______ is the highness or lowness of your voice on a tonal scale.
Fill in the blank(s) with the appropriate word(s).
The transfer of rights under a nonnegotiable contract is known as an assignment
Indicate whether the statement is true or false
GAAP allows the use of either the direct or indirect method but prefers the direct method. Companies who use the indirect method must also include a separate schedule reconciling net income to net cash flow provided by operating activities.
Answer the following statement true (T) or false (F)