The USA PATRIOT Act grants citizens the right to access certain information and records of federal, state, and local governments upon request
a. True
b. False
Indicate whether the statement is true or false
False
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In corporate accounting, a distinction is made between paid-in or invested capital and capital resulting from retained earnings
a. True b. False Indicate whether the statement is true or false
Use the selected data from Pinecrest Company's financial statements to answer the following question. 2017 2016 Cash $ 22,000 $ 14,000 Accounts receivable 42,000 16,000 Merchandise inventory 22,000 83,000 Prepaid expenses 23,000 18,000 Total current assets $109,000 $131,000 Total current liabilities $ 65,000 $ 72,000 Net credit sales 221,000 326,000 Cost of goods sold 168,000 299,000 Net cash
flow from operating activities 16,000 29,000 Refer to the data for Pinecrest Company. Which of the following statements is true? a. The current ratio increased from 2016 to 2017. b. The acid-test ratio decreased from 2016 to 2017. c. The amount of working capital decreased from 2016 to 2017. d. Assuming extreme conditions do not exist, the company appears to be in a worse position to pay its current debts at the end of 2017 compared to 2016.
Ford created a joint venture with General Motors Corp. and DaimlerChrysler to establish _____, a website that serves as an electronic market for parts suppliers who can bid online on requests for proposals posted by the automakers.
Fill in the blank(s) with the appropriate word(s).
The Office of Management and Budget looks at 10 separate elements before it may
establish a new reporting requirement. a. True b. False