A worm is a virus that has the ability to copy itself from machine to machine, usually over a network
Indicate whether the statement is true or false
TRUE
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Cost-plus pricing is a variation to a market-based transfer pricing approach
Indicate whether the statement is true or false
For the following situation, state whether it represents a strength or weakness in internal control and give the reason for your answer. The mailroom employee opens all incoming mail. Customers' checks are sent to the treasurer, and remittance advices are sent to the accounting department. The controller compares the daily bank deposit amount from the treasurer and the daily debit to cash from the accounting department.
What will be an ideal response?
Which of the following items is consistent with earnings being informative about current performance but not informative about future earnings?
a. The firm recognizes an unexpected gain b. The firm recognizes a fair value gain on a financial asset as a result of a favorable move in interest rates. c. The firm recognizes additional expenses this period due to pre-opening costs associated with new stores. d. The firm experiences a large jump in sales and earnings as a result of successful research and development of new products.
Many firms disaggregate the initial amounts they received from shareholders for common shares into the par or nominal or stated value of the shares and the amounts received in excess of this value, called:
a. additional paid-in capital (APIC). b. share premium. c. capital contributed in excess of par value. d. Choices a, b, and c are correct. e. None of these answer choices is correct.