The purpose of the speech of ______ is to acknowledge and praise a person, living or dead.
Fill in the blank(s) with the appropriate word(s).
Ans: tribute
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The assumption that a company makes about its inventory cost flow can affect cost of goods sold on its ________ and inventory on its ________ .
A. income statement; balance sheet B. income statement; income statement C. balance sheet; income statement D. balance sheet; balance sheet
Which of the following statements is true?
a. The method of preparing the operating activities section of a statement of cash flows which adjusts net income to remove the effects of deferrals and accruals for revenues and expenses is the direct method. b. The method of preparing the operating activities section of a statement of cash flows which reports major classes of gross cash receipts and cash payments for revenues and expenses is the indirect method. c. The FASB prefers the indirect method of preparing the operating activities section of the statement of cash flows. d. Most companies use the indirect method of preparing the operating activities section of the statement of cash flows.
In addition to changes in financial statements, which of the following can indicate financial statement fraud has occurred?
a. Information in the footnotes to the financial statements b. Stable dividend payout ratio c. Increased hiring of qualified employees by the company d. Addition of an independent member on the board
Sergio makes a gift of a check to Todd who takes it in good faith and without notice of any claim, defense, or defect. With respect to this check, Todd is A) none of the choices
B) an assignee. C) an ordinary holder. D) an ordinary holder in due course.