A(n) __________ requires estimating inventory balances during the year for interim financial statements and a formal count of all inventory items at the end of the year
a. periodic inventory system
b. inventory control account
c. perpetual inventory system
d. inventory cost method
a
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All of the following are industry-based issues related to the antecedents of fraud except
a. Level of industry concentration b. Environmental hostility c. Environmental dynamism d. Characteristics of the organization
Indicate the correct form of the verb in parentheses. Honduras (present tense of walk) with some friends every morning
Brock is a shareholder of Competent Homebuilders Corporation (CHC). For the last few years, business has not been profitable for CHC. The firm has lost money on its operations. There has been some profit through sales of company assets, but the board of directors has refused to declare a dividend. This last year, the firm's accountants failed to file federal income tax returns and the board refused to pay the tax. Brock takes a close look at the firm and protests to the board, in particular over the failure to declare a dividend, but the board ignores the complaint. Which of these events, if any, would form a ground for a court to order the dissolution of CHC, on Brock's petition? If the court denies the petition, could Brock and the other shareholders dissolve CHC?
What will be an ideal response?
Metro City operates its own municipal public drinking water system for which the Environmental Protection Agency has set maximum levels of pollutants. Metro does not use any equipment to meet these standards. With regard to any contamination of the water, under the Safe Drinking Water Act, this is most likely
A. a violation. B. not a violation because Metro does not set the standards. C. not a violation because water is not a stationary source. D. not a violation because Metro does not use any equipment.