Which criteria must be met to be considered a special purpose government?(1.) Have a separately elected governing body(2.) Be legally independent(3.) Be fiscally independent
A. 1, 2, and 3.
B. 1 and 3.
C. 2 and 3.
D. 1 and 2.
E. 1 only.
Answer: A
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Refer to Table 2.2. With international trade, what would be the maximum number of VCRs that Japan would be willing to export to South Korea in exchange for each ton of steel?
a. 1 VCR b. 2 VCRs c. 3 VCRs d. 4 VCRs
Net income is misleading when revenue is overstated or expenses are understated by significant amounts
Indicate whether the statement is true or false
A firm handshake is a polite way to greet someone in any culture
Indicate whether the statement is true or false.
At the beginning of the year, Sigma Company's balance sheet reported Total Assets of $330,000 and Total Liabilities of $25,500 and Total Paid-in capital of $102,000. During the year, the company reported total revenues of $391,000 and expenses of $302,500. Also, dividends during the year totaled $78,000. Assuming no other changes to Retained earnings, the balance in the Retained earnings account at the end of the year would be:
A. $210,000. B. $213,000. C. $207,000. D. $334,500. E. $288,000.