Under which of the following categories would bonds held as an investment for more than a year appear?
A) Current assets
B) Long-term liabilities
C) Long-term assets
D) Current liabilities
C
You might also like to view...
When a sample of sales transactions recorded in the sales journal is traced back to the customer orders and shipping documents, the auditor is testing the ________ assertion.
A. cutoff B. occurrence C. completeness D. authorization and accuracy
The fixed costs of service departments should be allocated to production departments based on
a. actual short-run utilization based on predetermined rates. b. actual short-run units based on actual rates. c. the service department's expected costs based on expected long-run use of capacity. d. the service department's actual costs based on actual utilization of services.
_______________ technology is the combination of processes, knowledge, and techniques that creates product or service value for an organization.
What will be an ideal response?
In regard to the cultural risks related to nepotism and corrupt practices, which of the statements below is TRUE?
A) The Foreign Corrupt Practices Act, passed during the administration of President Carter, makes it illegal for U. S. citizens to pay bribes to foreign officials or leaders in order to facilitate business operations. B) If a firm does not have a competitive advantage so that it can overcome the bribery situation and still make a profit, it may be best to look somewhere else to extend business operations. C) Companies can be forced by a local government official to hire specific individuals and place them in positions of control. D) All of these statements are true.