Which of the following is a reason for the rapid expansion of international banking?
A) The rapid growth in international trade
B) The growth of multinational corporations
C) The desire of U.S. banks to expand
D) All of the above
D
You might also like to view...
FUTA requires employers to pay a federal unemployment tax on all salary or wages paid to each employee.
Answer the following statement true (T) or false (F)
Carole owns 75% of Pet Foods, Inc. As CEO, Carole must travel extensively and does so on the company jet. In addition, she also uses the jet to take several personal vacations. Carole reports the value of the personal use of the jet, $40,000, as additional compensation. Which of the following is true in terms of the corporation?
A) The corporation includes $40,000 as miscellaneous income. B) The $40,000 has no impact on the corporation's income tax. C) The corporation takes a deduction of $40,000 for compensation expense. D) The corporation takes a deduction of $40,000 for dividend expense.
Separation of duties refers to:
A. Keeping functions across different departments separate. B. Individuals who have physical responsibility for assets should not also have access to accounting records. C. Making each manager personally responsible for his/her department. D. Preventing top management and lower-level employees from interacting.
The tendency for decision-makers to put more weight on information that is consistent with their initial beliefs or preferences is called the:
A. Overconfidence tendency B. Confirmation tendency C. Decision making tendency D. Availability tendency