The philosophy of law can also be referred to as:
A) due process.
B) equal protection.
C) Magna Carta.
D) jurisprudence.
D
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Because plant and equipment are reported as long-term assets on the balance sheet, they have no impact on net income for the period until they are sold
a. True b. False Indicate whether the statement is true or false
Which of the following is an attribute of the internal control procedure—assignment of responsibilities?
A) To validate their accounting records, a company should have an audit by an external accountant. B) The company should separate the custody of assets from accounting. C) The external auditors will monitor internal controls. D) Each position has clearly assigned responsibilities.
Salespeople ensure that delivery schedules are met, that the products or services perform as promised, and that buyers' employees are trained to use the products in the _____ step of the selling process
a. preapproach b. needs assessment c. lead qualification d. follow-up
Which of the following is true of treasury shares?
A) They cannot be issued by the corporation. B) They cannot be voted by the corporation. C) They are owned by shareholders. D) They are only issued by governments.