Which of the following is not a role of accounting in business?
A) To provide reports to users about the economic activities and conditions of a business.
B) To personally guarantee loans of the business.
C) To provide information to other users to determine the economic performance and condition of the business.
D) To assess the various informational needs of users and design its accounting system to meet those needs.
B
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A speculative-grade bond that had an investment-grade rating when it was originally issued is called a (i), while an original-issue speculative-grade bond is called a (ii)
(i) (ii) a. revised-down bond junk bond b. berated bond fallen angel c. junk bond fallen angel d. fallen angel junk bond
Due diligence usually consists of searching public records and inspecting the land
Indicate whether the statement is true or false
Revoking a privilege originally granted with the WITH ____________________ OPTION will have no cascading effect on other users
Fill in the blank(s) with correct word
Which of the following is not an element of working capital policy?
A) The amount of working capital used B) The level of attention that top management pays to working capital issues C) The nature and source of financing that supports working capital D) How the components of working capital are managed E) The extent to which working capital is supported by short versus long term financing