Courts do not apply the business judgment rule to analyze whether the directors acted reasonably in resisting a takeover attempt.
Answer the following statement true (T) or false (F)
False
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Which of the following is not one of the top five qualities that employers are looking for most in college graduates?
A. leadership B. teamwork C. creativity D. problem-solving skills E. written and verbal communication skills
Which of the following factors does an auditor generally need to consider in planning a particular audit sample for a test of controls?
A. Number of items in the population. B. Risk of assessing control risk too high. C. Total dollar amount of the items to be sampled. D. Desired confidence level.
A deferred tax liability arising from the use of an accelerated method of depreciation for tax purposes and the straight-line method for financial reporting purposes would be classified on the balance sheet as
a. a current liability. b. a noncurrent liability. c. a current liability for the portion of the temporary difference reversing within a year and a noncurrent liability for the remainder. d. an offset to the accumulated depreciation reported on the balance sheet.
An asset having a four-year service life and a salvage value of $5,000 was acquired for $45,000 cash on January 2 . The depreciation expense for the second year, December 31, will be:
a. $5,000, under the straight-line method. b. $11,250, under the declining-balance method. c. $14,000, under the sum-of-the-years'-digits method. d. $11,250, under the straight-line method. e. $16,000, under the sum-of-the-years'-digits method.