If a firm has excess cash that it will need after a period of four months, the financial manager may acquire 1. negotiable certificates of deposit 2. Treasury bills 3. commercial paper?
A. ?1 and 2
B. ?1 and 3
C. ?2 and 3
D. ?1, 2, and 3
Answer: D
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The entry to record the purchase of treasury stock will cause total stockholders' equity to decrease by the amount of the cost of the treasury shares
Indicate whether the statement is true or false
Which of the following principles best describes the current method of accounting for research and development costs?
a. Immediate recognition as an expense b. Systematic and rational allocation c. Income tax minimization d. Associating cause and effect
Which of the following is recommended advice when writing an appreciation message?
a. Time the message to arrive two to three weeks following the action or event. b. Use slight overstatements to communicate your favorable attitude. c. Avoid specific remarks about the receiver's performance or achievement. d. Consider sending a copy of the appreciation message to the individual's supervisor.
Assume a state has a criminal statute that punishes "every person who by himself or his employee or agent sells anything at short measure.". Chris, an employee of Watkins Fencing, Inc within that state, intentionally sells wire fence to Nowton Construction at short measure. Watkins:
a. may be held criminally liable for Chris's act even if Watkins did not authorize this action. b. will only be held liable if Chris is a managerial employee. c. cannot be vicariously liable for Chris's action unless Watkins directed, participated in, or approved of the act. d. will not be vicariously liable for Chris's action if it was not authorized because the element of mental fault is missing on the part of Watkins.