Quentin is a member of the Album of the Month Club and receives a new music CD every month without fail
The Club usually gives its members a time period within which they can reject the selection and stop shipment of the CD, failing which the CD will be shipped. Last month, Quentin received a CD from Album of the Month Club, a copy of which a friend had already gifted him. As he was away, Quentin had not found time to reject the selection and had to buy the CD. What kind of an offer-acceptance model does Album of the Month Club have?
A) mirror image rule acceptance
B) silence as acceptance
C) acceptance-upon-dispatch
D) unequivocal acceptance
B
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All of the following are important provisions of the Sarbanes-Oxley Act except:
a. The establishment of a new Public Company Accounting Oversight Board. b. The requirement to prepare both FASB and IASB financial statements. c. A requirement that the external auditors report directly to the company's audit committee. d. A clause to prohibit public accounting firms that audit a company from providing any other services that could impair their ability to act independently in the course of their audit.
How should intangible assets be disclosed on the balance sheet?
a. As a reduction of stockholders' equity b. At cost in the current assets section c. at the estimated market value at the balance sheet date d. Net of the costs already amortized
Which of the following represents an inflow of cash and therefore would be reported on the statement of cash flows?
A) appropriation of retained earnings B) acquisition of treasury stock C) declaration of stock dividends D) issuance of long-term debt
It is important to keep multicultural environments in mind when communicating. Many times, words and phrases are meaningless in a foreign language. For example, if you use the phrase "Back to square one," you are using a/an
A) Piece of jargon. B) Idiom. C) Acronym.