A company's annual report describes the company's efforts to give back to the community. The primary purpose of this report is to ________; the secondary purpose is to ________
A) inform; promote goodwill
B) persuade; inform
C) inform; persuade
D) promote goodwill; persuade
A
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Which of the following is a commonly cited disadvantage of having a new unified set of accounting standards?
a. Acquiring foreign companies would become a more confusing proposition. b. Corporations may find themselves more susceptible to lawsuits due to the principles-based system. c. Time and money would not be saved in accessing capital markets abroad. d. The SEC would be dissolved if international accounting standards were adopted.
The adjustment to convert cash-basis collections from customers to accrual-basis revenue earned requires adding the ending balance in accounts receivable and subtracting the beginning balance in accounts receivable
Indicate whether the statement is true or false
Refer to the selected data provided for Max's Tire Center. Which of the following would result from a vertical analysis of Max's balance sheet in 2012?
A) Total liabilities increased 8.7% during 2012. B) The total of liabilities & equity is $500,000 in 2012. C) Total liabilities is 27.6% of total assets in 2012. D) Total liabilities is 30% of total liabilities & equity in 2012.
A very important part of the salary administration program is the policies and procedures under which the program operates
Indicate whether the statement is true or false.