Which balance sheet accounts are most affected by investing activities?
a. Current assets and current liabilities
b. Long-term assets
c. Long-term liabilities
d. Stockholders' equity
b
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A high P/E ratio always indicates that a stock is overpriced by the market
a. True b. False Indicate whether the statement is true or false
Which of the following is the best reason why an auditor should consider observing an entity's distribution of regular payroll checks?
A. Total payroll costs are a significant part of total operating costs. B. To ensure that names on the company payroll are those of bona fide employees presently on the job. C. The auditor did not observe the distribution of the entire regular payroll during the audit in the prior year. D. Employee turnover is excessive.
When the government of any country restricts the sale of a particular commodity to certain groups — for example, restricting sales of alcohol to individuals of age 21 and over — the eligible consumers who have income, interest, access, and
qualification constitute the ________ market. A) accessible B) target C) potential D) qualified potential E) qualified available
The principle of ________ suggests that when things are less available, they will become more desirable and have more influence.
Fill in the blank(s) with the appropriate word(s).