After both parties have rested, the defendant, but not the plaintiff, may move for (request of the judge) a directed verdict
a. True
b. False
Indicate whether the statement is true or false
False
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In which of the following ways can a bank increase its reserves?
A. Give out more loans B. Sell securities C. Reduce interest rate on time deposits D. Increase service charges for safety vault facility
A corporation is a legal entity
A) held jointly by its owners and management. B) separate from its owners. C) formed by the laws of the U.S. Department of Commerce. D) under the laws established by the SEC.
The write-down of an asset will affect
a. neither total assets nor net income. b. net income, but not total assets. c. both total assets and net income. d. total assets, but not net income.
Assume the indirect method is used to compute net cash flows from operating activities. For this item extracted from the financial statements-Interest Income (assume that cash received is equal to amount reported)-indicate the effect on net income in arriving at net cash flows from operating activities by choosing one of the following:
A) Add to net income to arrive at net cash flows from operating activities. B) Subtract from net income to arrive at net cash flows from operating activities. C) Not used to adjust net income to calculate net cash flows from operating activities.