E-mail eliminates almost all of the nonverbal cues we're accustomed to seeing and hearing as we judge a message sender's intent
a. True b. False
a
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All of the following are factors in the fraud triangle except
a. Ethical behavior of an individual b. Pressure exerted on an individual at home and job related c. Materiality of the assets d. Opportunity to gain access to assets
ValleyView Company acquires common stock of Kansas Enterprises for $400,000 on November 1, 2013, and designates this investment as available-for-sale. The fair value of these shares is $435,000 on December 31, 2013 . ValleyView sells these shares on August 15, 2014, for $480,000. (Refer to ValleyView.) The journal entry to measure securities available-for-sale on December 31, 2013 is:
a. Unrealized Holding Gain on Securities Available-for-Sale................35,000 Marketable Securities.....................................35,000 b. Unrealized Holding Gain on Securities Available-for-Sale................35,000 Common Stock...............................................35,000 c. Common Stock....................................... 35,000 Unrealized Holding Gain on Securities Available-for-Sale.......................35,000 d. Marketable Securities............................ 35,000 Cash.............................................................. 35,000 e. Marketable Securities........................... 35,000 Unrealized Holding Gain on Securities Available-for-Sale......................35,000
A company has an account receivable turnover ratio of 10. The average accounts receivable during the period are $400,000. What is the amount of net sales for the period?
A) $40,000 B) $4,000,000 C) $480,000 D) Cannot be determined from the information given.
Jock makes a will. As a person who makes a will, Jock is
A. an administrator. B. an executor. C. a settlor. D. a testator.