Around the world, government:
A. Tends to be controlled by business.
B. Sometimes cooperates and sometimes is in conflict with business.
C. Tends to be in conflict with business.
D. Tends to cooperate with business.
Answer: B
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Donald Yates purchased 400 shares of Adco Mutual Fund for an offer price of $3.28. He later sold the shares at a net asset value of $5.16 per share. During the time Donald owned the shares, Adco paid a dividend of $.23 three times. What was Donald's return on his investment? (Round to the nearest tenth of a percent)
What will be an ideal response?
Jaymar Software Corporation sells SPAM BE GONE to customers, who receive the software and have access to postdelivery telephone support and the right to receive certain upgrades and enhancements if and when Jaymar Software develops them. Jaymar Software sells SPAM BE GONE for approximately $100; customers pay cash or with a credit card. When should Jaymar Software recognize revenue from selling
SPAM BE GONE? a. It recognizes revenue from sale of the software at the time of delivery and revenue associated with future obligations over the product's life cycle. b. It recognizes revenue from sale of the software over the product's life cycle and revenue associated with future obligations at the time of delivery. c. It recognizes revenue from sale of the software and the revenue associated with future obligations over the product's life cycle. d. It recognizes revenue from sale of the software and the revenue associated with future obligations at the time of delivery. e. none of the above.
Accountants sometimes refer to the equity method as a(n)
a. one-line consolidation. b. pooling-of-interests. c. unity-of-interests. d. purchase. e. tricky combination.
A _____ is a partnership arrangement that includes at least one general partner and at least one limited partner.
A. general partnership B. limited partnership C. joint liability partnership D. mutual-bondage partnership