Which of the following would not be an acceptable method of presenting current liabilities on the balance sheet?
A) alphabetically
B) in order of their average time to maturity
C) in order of their liquidation preference
D) in order of their amount (largest to smallest)
A
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When determining the number of days a taxpayer has rented out a home during the year, any day when the home is available for rent but not actually rented out counts as a day of personal use.
Answer the following statement true (T) or false (F)
Andrew resigned from his position, but feels his organization owes him severance due to the conditions that caused him to resign. His company disagrees. Before a judge will hear their case, he instructs them to meet with a conciliator. Which of the following statements is true regarding the role of the conciliator?
A. The opinion offered by the conciliator will be legally binding. B. The conciliator may offer an opinion, but it will not be legally binding. C. The conciliator should not offer an opinion on the dispute. D. The conciliator will require the parties to sign a legally binding document at the conclusion of the meeting.
There are four key characteristics of a strong and effective board member. Which one is not such a characteristic?
a. The majority of the board members are outside members b. The majority of the board members are large owners of stock in the firm c. The majority of the board members are also operational managers d. The majority of the board members are members of a limited number of other boards
What are the assumptions underlying cost-volume-profit analysis?