Oswald, an employee of Pipes & Plumbing Company, fills out his time sheets by rounding off his hours and thus effectively listing more time than he actually worked. Pipes & Plumbing submits the time sheets to a federal regulatory agency. For Oswald to be held criminally liable for lying, the false information on his time sheets must be
a. considered material.
b. made under oath.
c. made after a warning about the consequences of a false statement.
d. in writing.
A
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Which of the following causes an upward shift in aggregate demand?
A. An increase in the aggregate price level B. An increase in government spending C. A sudden fall in productivity D. A rise in the demand for money
Alan is the attorney representing Derek in bankruptcy hearings. His fees have the highest priority among the other unsecured debtors.
Answer the following statement true (T) or false (F)
The statement of cash flows helps analysts evaluate all but which of the following?
A. Differences between net income and net operating cash flow. B. Source of cash used to finance investing activities. C. Source of cash used for plant expansion. D. Source of cash used for debt repayments. E. Ability of the company to generate profit.
Factoring is the selling of a business' accounts receivables at a discount to a finance company called a factor in exchange for immediate cash.
Answer the following statement true (T) or false (F)