Which of the following terms is not specifically related to an unfriendly buyout?
A) Takeover tender offer
B) White knight
C) Saturday night special
D) Synergy
D) Synergy
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Answer the following statements true (T) or false (F)
1. The shareholder value model as increased corporate accountability to labor, customers, and communities. 2. The shareholder value model has reduced corporate reinvestment of cost savings and earnings back into the business and increased corporate repurchasing of company stock to increase share prices. 3. As markets have become more financialized, there has been a declining trend toward companies becoming involved with financial activities such as lending to its consumers. 4. An important aspect of financialization is the use of private equity funds to invest in infrastructure, labor, and product quality improvements of underperforming companies.
Flagg records adjusting entries at its December 31 year end. At December 31, employees had earned $12,000 of unpaid and unrecorded salaries. The next payday is January 3, at which time $30,000 will be paid. Prepare the January 1 journal entry to reverse the effect of the December 31 salary expense accrual.
A) Debit Salaries expense $12,000; credit Salaries payable $12,000. B) Debit Salaries expense $18,000; debit Salaries payable $12,000; credit Cash $30,000. C) Debit Salaries payable $18,000; credit Cash $18,000. D) Debit Salaries payable $12,000, credit Salaries expense $12,000. E) Debit Salaries expense $18,000; credit Salaries payable $18,000.
Explain why in an efficient market all investments have an expected NPV of zero.
What will be an ideal response?
Failure to detect material dollar errors in the financial statements is a risk which the auditors primarily mitigate by:
A. Performing substantive procedures. B. Performing tests of controls. C. Assessing control risk. D. Obtaining a client representation letter.