Amethyst Company paid off a $100,000 two-year note payable. The effect of this transaction is that the:

A) current ratio decreased.
B) earnings per share increased.
C) working capital increased.
D) debt to equity ratio increased.


A

Business

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A firm has two partners: Jim and Bill. Jim owns 60% of the partnership and Bill owns 40%. In which of the following transactions will the partnership be held responsible for an individual partners' actions?

A) Jim signs a contract as a guarantor for Bill's personal loan. B) Jim buys a laptop on credit for personal use. C) Bill signs a contract to buy furniture for official use in the partnership. D) Bill defaults on payment of his personal credit card bill.

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The intentional preparation of misleading financial statements is referred to as fraudulent financial reporting

Indicate whether the statement is true or false

Business

The ____ handler should always be the last handler listed in the EXCEPTION section of a block.

A. TOO_MANY_ROWS B. NO_DATA_FOUND C. EXIT WHEN D. WHEN OTHERS

Business

The most commonly used method of job evaluation is the point system.

Answer the following statement true (T) or false (F)

Business