What is the chief function of the courts?
A) They interpret and apply the law from whatever source to a given situation.
B) They draft and pass legislation.
C) They execute laws enacted by legislative bodies.
D) They regulate particular matters through licensing and tariffs.
A
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Which of the following statements does not accurately reflect the financial accounting for compensatory stock option plans?
A. The paid-in capital stock options account is credited when compensation expense is recorded each year. B. Compensation expensed is allocated equally over the service (vesting) period. C. Total owners' equity is increased by the par value of the common stock issued when the options are converted. D. The compensation expense is not adjusted for changes in the market value of the stock options during the service (vesting) period.
At the end of the year, the company counted the inventory and found 35 units remaining. Calculate the cost of goods sold for the year. (Round the unit costs to two decimal places and total costs to the nearest dollar.)
A company uses the weighted-average method of inventory valuation under a periodic inventory system. The company began the year with a zero inventory balance. They had the following transactions during the year. 1. Purchased 65 units at $6 per unit 2. Purchased 130 units at $6 per unit 3. Sold 110 units at $12 per unit 4. Purchased 60 units at $7 per unit 5. Sold 110 units at $13.25 per unit A) $6 B) $218 C) $1,590 D) $1,372
A negative free cash flow indicates that the company has met all its planned cash commitments and has cash available to reduce debt or to expand
Indicate whether the statement is true or false
Compared to private warehouses, public warehouses
A. reduce managerial flexibility. B. may not always be conveniently available or adequate for the current product line. C. require no fixed investment, but per-unit storing costs are usually higher. D. are not any more flexible, because long-term leases are usually required. E. All these answers are correct.