Management accountants usually provide for a minimum cash balance in their cash budgets for which of the following reasons:
A) stockholders demand a minimum cash balance
B) it is an important way of effectively managing cash
C) it provides a safety buffer for variations in estimates
D) to have funds available for major capital expenditures
C
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Which of the following items should not appear in the long-term liability section of the balance sheet?
a. Accrued income taxes b. Deferred income taxes c. Bonds payable d. Pension obligations
The accounting for warranties resembles the allowance method for uncollectible accounts receivable
Indicate whether the statement is true or false
Learning a specific computer skill by the 30th of next month is an example of a/an:
a. mission statement b. goal c. empowerment direction d. conceptual skill e. objective
Which of the following is NOT a factor in defining equal work according to the Equal Pay Act?
A. Equal effort B. Equal experience C. Equal responsibility D. Equal skill