According to bond rating agencies, a bond rated "AAA" has a higher probability of default than a bond with a "BBB" rating
Indicate whether the statement is true or false.
Answer: FALSE
Explanation: According to bond rating agencies, a bond rated "AAA" has a LOWER amount of default risk than a bond with a "BBB" rating.
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Unrealized gains and losses on trading securities are not included in the calculation of income from operations
a. True b. False Indicate whether the statement is true or false
Assume a situation in which an attorney who provided significant litigation counsel to a client to refuses to furnish information requested in an audit. Which of the following descriptions best describes this situation from the auditor's perspective?
a. A departure from GAAP. b. A scope limitation. c. A violation of the attorney-client privilege. d. A contingent liability.
Honest, two-way communication can occur
a. in hostile situations. b. in an environment of mutual trust. c. only among good friends. d. only during feedback sessions.
According to Table 8-6, which describes a labor planning problem and its solution, how many workers would be assigned to shift 4?
A) 1 B) 0 C) 14 D) 16 E) None of the above