Dividends are paid out of a corporation's

A. profit, after taxes.
B. profit, before taxes.
C. capital contributed by bondholders.
D. sales revenue.


Answer: A

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U.S. GAAP and IFRS provide criteria for distinguishing operating leases from capital leases. Which of the following is/are not true?

a. U.S. GAAP provides four criteria, any one of which qualifies a lease as a capital lease. b. IFRS provides general criteria for identifying the entity enjoying the rewards and incurring the risk. c. Firms can currently apply the fair value option to capital leases. d. The FASB and the IASB have undertaken a joint project involving the lessee's accounting for leases which may result in treating all leases as capital leases. e. all of the above

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The Overseas Private Investment Corporation (OPIC) is an independent government agency

Indicate whether the statement is true or false

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Which sentence uses correct capitalization?

A) Many college students love American Eagle Jeans and Sperry Shoes for their comfort and fit. B) Many college students love American Eagle jeans and Sperry shoes for their comfort and fit. C) Many College students love American Eagle jeans and Sperry shoes for their comfort and fit.

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An order for 110 units of Product A has been placed. There are currently 60 units of Product A on hand. Each A requires 4 units of Part B. There are 20 units of B available. What are the net requirements for B?

A) 20 B) 120 C) 180 D) 240 E) 440

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