Which of the following will not cause times interest earned to drop? Assume no other changes than those listed
a. An increase in bonds payable with no change in operating income.
b. An increase in interest rates.
c. A rise in preferred stock dividends.
d. A rise in cost of goods sold with no change in interest expense.
e. A drop in sales with no change in interest expense.
C
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The going concern assumption infers that a company will continue to operate until a known date
a. True b. False Indicate whether the statement is true or false
According to Project GLOBE, future orientation refers to the degree to which organizations or societies ________
A) expect and agree that power should be distributed unequally, favoring those at higher levels B) avoid uncertainty by relying on established norms and behaviors C) engage in behaviors such as planning and delaying individual or collective gratification D) encourage and reward group members for performance improvements and excellence
In an S Corporation, ownership can be freely transferred as long as the buyer is an individual.
Answer the following statement true (T) or false (F)
If the EEOC, responding to a complaint, does not file a discrimination suit, the employee has lost the chance to have the matter considered in court
a. True b. False Indicate whether the statement is true or false