Society is entering the age of invasive computing.
Answer the following statement true (T) or false (F)
False
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To improve accountability for fixed asset retirements, management most likely would implement a system of internal control that includes:
A. a level of authorization above the department initiating the retirement. B. periodic inspection of insurance policies by the internal auditors. C. periodic inquiry of plant executives by internal auditors as to whether any plant assets have been retired. D. continuous analysis of the repairs and maintenance account.
What are entrepreneurs?
What will be an ideal response?
Claire works for Mattco but owns no Mattco stock. She buys 10 shares of a new issue of company stock and afterward receives the signed registration statement, which contains an untrue statement of material fact. Because Claire works for Mattco, she recognizes the error. Can Claire sue the auditor?
A) Yes, under Section 11, reliance is usually not required. B) Yes, if she can prove she would not have bought the stock otherwise. C) No, because she did not rely on the statement. D) No, because there is no privity between Barbara and the auditor.
Mount Reindeer Pure Spring Water Inc. is considered a liquid company because of its generous dividend policy. Prior to the firm's ex-dividend date of May 15th, the stock is selling for a price of $23.18 per share
If you purchase the stock prior to May 15th, you will receive a dividend of $1.15. If you waited until May 16th to buy the stock, and there was no other event to change the price of the stock, what would be the stock's expected price? A) $18.58 B) $22.03 C) $23.18 D) Unknown