Which of the following is most likely to be true of a branch office in the United States?
A. It is liable for the debts of the parent company.
B. It is considered a separate legal entity of the parent company.
C. It does not have to be registered with any state agency.
D. It is not liable for its own debts.
D
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On January 1, 2016, the price of a stock is $42.50, whereas on December 31, 2016, the price of the stock is $48.78. Determine the capital gain yield of the stock.
A. 13.25% B. 14.78% C. 15.14% D. 16.33% E. 17.49%
Which of the following theories says an "injury" occurred when the injured person first experienced the disease-causing substance?
A) Exposure theory B) Double trigger theory C) Manifestation theory D) Retroactive theory
Processes can have effectiveness or efficiency objectives, or both
Indicate whether the statement is true or false
Which statement is correct concerning the definition of internal control developed by the Committee of Sponsoring Organizations (COSO)?
A. It emphasizes the effectiveness and efficiency of operations over the reliability of financial reporting. B. It is a 'process' effected by individuals. C. Its applicability is largely limited to internal auditing applications. D. It suggests that it is important to view internal control as an end product as contrasted to a process or means to obtain an end.