Investors may receive an economic benefit from the ownership of stock by receiving:
A. Dividends.
B. Capital gains.
C. Both dividends and capital gains.
D. Interest.
Answer: C
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The audit procedures used to verify accrued liabilities differ from those employed for the verification of accounts payable because:
A. accrued liability balances are less material than accounts payable balances. B. accrued liabilities usually pertain to services of a continuing nature, while accounts payable are the result of completed transactions. C. evidence supporting accrued liabilities is nonexistent, while evidence supporting accounts payable is readily available. D. accrued liabilities at year-end will become accounts payable during the following year.
You would most likely find an implementation schedule in which section of a marketing plan?
A) marketing strategy B) forecasting C) executive summary D) marketing situation E) company description, purpose, and goals
In corporate communications with its employees regarding the possibility of workers bringing in a union, the Taft–Hartley Act prohibits which of the following?
A. Telling employees that union dues will be high B. Describing current working conditions without unions as ideal C. Arguing that the proposed union has a long history of strikes D. Promising early vacations to workers not affiliated with the union E. All of the above
Investments in bonds are initially recorded at:
a. cost. b. market value. c. lower-of-cost-or-market. d. cost-adjusted-to-market.