The ratio of common stockholders' equity to the number of common shares outstanding at the end of the year is known as ____________________
Fill in the blank(s) with correct word
book value per share
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Use the information below for Shorter Inc for 2016 and 2017 to answer the following question. Equipment, December 31, 2016 $65,000 Equipment, December 31, 2017 72,000 Accumulated depreciation, December 31, 2016 39,000 Accumulated depreciation, December 31, 2017 30,000 During 2017, Shorter Inc sold equipment with a cost of $30,000 and accumulated depreciation of $25,000 . A gain of $3,000 was
recognized on the sale of the equipment This was the only equipment sale during the year. Assume that all purchases of equipment were paid with cash. How much cash was paid by Shorter for the purchase of equipment during 2017? a. $7,000 b. $30,000 c. $37,000 d. $72,000
Which of the following statements is FALSE?
a. Liability understatements are easier to detect than other types of financial statement fraud. b. Analytical symptoms related to accounts payable understatements usually relate to reported balances that appear too low. c. A seasoned fraud examiner will look for unusual liability account changes to detect fraud. d. Companies in trouble have a strong motivation to understate liabilities.
The first major reason for performance appraisals is to provide an opportunity for ______ communication between management and the employees concerning how the organization believes each employee is performing.
A. informal B. formal C. punishing D. reinforcing
Administrative agencies are established to enforce and interpret statutes enacted by Congress and state legislatures
Indicate whether the statement is true or false