Of the following which is true about assets
A) Assets include physical and intangible assets.
B) Assets include only physical assets.
C) Assets are owned solely by the owner of the company
D) Assets are the result of selling products or services to customers.
A
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Which of the following statements is not supported by empirical evidence from capital market research?
a. Accounting earnings appear to have information content and to affect security prices. b. Alternative accounting policies with no apparent direct or indirect cash flow consequences to the firm do not seem to affect security prices. c. There are no incentives to choose certain alternative accounting policies over others because there are never cash consequences. d. Accounting-based risk measures correlate with market risk measures, suggesting that accounting numbers are useful for risk assessment.
Which of the following benefits is a component of Social Security benefits?
A) workers' compensation B) legal assistance C) unemployment compensation D) disability benefits
Theresa has a contract to teach eighth grade at Washington Middle School. She decided she could make more money writing a book, so she wants to assign her teaching contract to her friend, Stephanie, who is also a licensed teacher
a. If effective, this would be both an assignment and a delegation. b. The duties which Theresa wants to delegate are personal in nature. c. If the school district agrees to accept Stephanie's services, a novation would occur, which would relieve Theresa of her obligation to the school district. d. All of these are correct.
Which one of the following is true of a signature card?
A) It shows each authorized person's signature for a bank account. B) It is the same as a deposit receipt and acts as a proof of the deposit transaction. C) It can be used as a debit card. D) It can only be used for bank accounts of individuals, not for the bank accounts of businesses.