Comprehensive income as displayed on the income statement represents:

a. an asset-liability approach.
b. a revenue-expense approach.
c. a current operating approach.
d. none of the above.


ANSWER: A

Business

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Aasia’s organization uses a differentiation strategy. To encourage worker to bring knowledge, skills, and abilities to the job that can allow them to analyze problems and come up with creative solutions, the organization might adopt a(n) ______ philosophy on compensation.

A. skill-based pay B. above-market C. at-market D. competency-based pay

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Alver Developers had an oral purchase agreement to buy land from Tucker Farms. Tucker Farms permitted Alver to place a construction trailer on the land, move its equipment onto the land, and begin excavation. Alver has begun the grading process of the property, but Tucker Farms is backing out of the deal on the grounds that its oral agreement was not valid. Choose one of the following to describe

Alver's rights. A)?Alver has no rights because it was an oral and unenforceable contract. B)?If Alver has paid some money down, he could enforce the oral agreement. C)?Alver can enforce the oral agreement using the doctrine of partial performance under the Statute of Frauds. D)?Alver can enforce the oral agreement using the doctrine of partial performance under the Statute of Frauds if he has also paid the purchase price for the land.

Business

Investment banks may lose ________ if new securities issues are ________

A) large amounts of money; oversubscribed B) large amounts of money; fully subscribed C) future business; oversubscribed D) future business; undersubscribed

Business

What does the number .05 represent in the following: t(58) = 2.001, p < .05?

a.Test statistic b.t value c.Degrees of freedom d.Significance level

Business