The Public Company Accounting Oversight Board can impose sanctions in its disciplinary proceedings, including:
A) revocation of an accounting firm's registration, only on a temporary basis.
B) a permanent ban on a person's associating with any registered firm.
C) monetary penalties of $1 million for natural persons.
D) monetary penalties of no more than $10 million for an accounting firm.
B
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Which of the following best describes how biomimicry derives solutions from nature?
a. Solutions can mimic nature's forms, processes and ecosystems. b. Solutions are best derived from one category of organism at a time, as overlapping categories inhibit a company's ability to mimic. c. Solutions are derived only from living organisms. d. Solutions are extracted through a careful "hands-off" approach. e. Solutions are derived separately from the relationships in nature by studying the biology of a single organism at a one point in time.
The Accounts Payable account of Golden, Inc. has the following postings:
Calculate the ending balance of the account. A) $12,000 credit B) $18,000 debit C) $18,000 credit D) $5,000 debit
The inventory turnover ratio is calculated as:
A. Cost of goods sold divided by average merchandise inventory. B. Ending inventory divided by cost of goods sold. C. Sales divided by cost of goods sold. D. Cost of goods sold divided by ending inventory. E. Cost of goods sold divided by ending inventory times 365.
_____ are senior, unsecured, unsubordinated debt securities issued by an underwriting bank.
A. Mutual funds B. Exchange traded notes C. Corporate bonds D. Collateral debt obligations E. Treasury bills