A nation involved in a dispute before the International Court of Justice may not have a judge
from that nation on the panel of judges hearing the dispute.
Indicate whether the statement is true or false
FALSE
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When trying to influence people to change behavior it is best to offer a tangible reward each time they avoid the unproductive behavior you seek to change
Indicate whether the statement is true or false
The following information pertains to Dallas Company. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit. Assets Cash and short-term investments $ 40,000 Accounts receivable (net) 30,000 Inventory 25,000 Property, plant, and equipment 280,000 Total assets $375,000 Liabilities and Stockholders' Equity Current liabilities $
60,000 Long-term liabilities 95,000 Stockholders' equity—Common 220,000 Total liabilities and stockholders' equity $375,000 Income Statement Sales $90,000 Cost of goods sold 45,000 Gross margin $45,000 Operating expenses 15,000 Net income $30,000 Number of shares of common stock 6,000 Market price of common stock $20 Dividends per share $1.00 Cash provided by operations $40,000 What is the rate earned on stockholders' equity? a. 7.3% b. 13.6% c. 20.5% d. 40.9%
When the prospective client has previously been audited, auditing standards require that the successor auditor make certain inquiries of the predecessor auditor before accepting the engagement.
Answer the following statement true (T) or false (F)
Answer the following statements true (T) or false (F)
1. Vacation, health, and pension benefits must be estimated and recorded as a liability. 2. When an employee takes a paid vacation, the Vacation Benefits Payable account will be decreased with a credit. 3. A pension plan is a plan that provides benefits to retired employees. 4. Warranties pose an accounting challenge because a company does not know which or how many products will have to be repaired. 5. The entry to accrue the warranty payable includes a credit to Warranty Expense.