Corruption is more likely to thrive in a culture when which of the following characteristics are met?
a. individualistic and feminine
b. high power distance and high masculinity
c. collectivist and high self-restraint
d. high uncertainty avoidance and low indulgence
b. high power distance and high masculinity
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Which of the following is not a significant activity during the systems implementation phase?
a. computer resource acquisition b. system maintenance c. software and hardware installation d. site preparation
Stockholders' equity includes only Common Stock and Paid-In Capital in Excess of Par
Indicate whether the statement is true or false
A firm's accumulated depreciation account increased $30,000 for the year and total plant assets at cost increased $200,000 . During the year, the firm purchased $350,000 of new equipment for cash, and sold equipment for $50,000 cash. This equipment had been depreciated $30,000 at the time of the sale. What is the complete disclosure of these events in the statement of cash flows prepared under
the direct method? a. $300,000 investing cash outflow; $130,000 addition reconciling adjustment b. $350,000 investing cash outflow; $50,000 investing cash inflow; $60,000 addition reconciling adjustment c. $350,000 investing cash outflow; $50,000 investing cash inflow; $60,000 addition reconciling adjustment; $70,000 addition reconciling adjustment d. $350,000 investing cash outflow; $50,000 investing cash inflow; $70,000 addition reconciling adjustment
Landmark Corp. buys $300,000 of Schroeter Company's 8%, 5-year bonds payable, at par value on September 1. Interest payments are made semiannually. Landmark plans to hold the bonds for the 5-year life. When the bonds mature, the journal entry to record the proceeds will be:
A. Debit Cash $300,000; credit Debt Investments-HTM $300,000. B. Debit Long-Term Investments-HTM $300,000; credit Cash $300,000. C. Debit Cash $300,000; credit Bonds Payable $300,000. D. Debit Cash $300,000; credit Interest Receivable $300,000. E. Debit Cash $300,000; credit Interest Revenue $300,000.