Which of the following instruments is binding in its entirety on those to whom it is addressed?
a. The regulation
b. The recommendation
c. The decision
d. The directive
c
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When people or firms that are worse than average risks are most likely to enter a contract that is offered to everyone, the problem is called
A. irrational expectations. B. adverse selection. C. opportunity cost. D. moral hazard.
The Unrealized Holding Gain/Loss-Trading Securities account is a temporary account that would be closed to Retained Earnings during the closing process
Indicate whether the statement is true or false
The annual interest earned on an amount deposited into a bank account will increase each year when simple interest is used
Indicate whether the statement is true or false
Scranton, Inc. reports net income of $230,000 for the year ended December 31. It also reports $87,700 depreciation expense and a $5,000 gain on the sale of equipment. Its comparative balance sheet reveals a $35,500 decrease in accounts receivable, a $15,750 increase in accounts payable, and a $12,500 decrease in wages payable. Calculate the cash provided (used) in operating activities using the indirect method.
A. $263,750. B. $319,950. C. $351,450. D. $356,450. E. $376,450.