The second step in the strategic management process is ______.
Fill in the blank(s) with the appropriate word(s).
Analysis of the external environment.
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All transactions related to specific accounts, such as cash or inventory, are listed and totaled in a:
a. Journal b. Ledger c. Trial balance d. Balance sheet
Income before taxes for financial reporting usually differs from taxable income reported to tax authorities. Which of the following is/are not true?
a. Some of the differences may arise because of permanent differences (items that affect income for financial reporting but never affect taxable income, or vice versa). b. Some of the differences may arise because of temporary differences (items that affect income for financial reporting in a different period than for tax reporting). c. The difference between income tax expense and income tax payable represents the tax effects of temporary differences: either the firm will receive future benefits (deferred tax assets) or it must pay future taxes (deferred tax liabilities). d. U.S. GAAP and IFRS require firms to measure income tax expense based on the taxes assessed on the firm by income tax authorities. e. all of the above
Add only an apostrophe to form the possessive for both plural nouns and singular nouns ending in –s or ________________
a. an –s sound b. –er c. –ing d. -ed
A bondholder that owns a $1,000, 10%, 10-year bond has:
A. The right to receive dividends of $1,000 per year. B. The right to receive $1,000 at maturity. C. Ownership rights in the issuing company. D. The right to receive $10,000 at maturity. E. The right to receive $10 semiannually until maturity.