Which of the following is NOT a motivation for holding cash?
A) to meet its day-to-day needs
B) to compensate for the uncertainty associated with cash flows
C) to satisfy bank requirements
D) to place in short-term investments
Answer: D
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A bill is received for electric service; the charge for the electricity is recorded, but payment will be made later. For this transaction, identify the effect on the accounting equation
a. Assets increase and liabilities increase. b. Assets increase and stockholders' equity increases. c. Liabilities increase and stockholders' equity decreases. d. Liabilities decrease and assets decrease.
Normally, an auditor can gain an understanding of internal controls by means of a walkthrough of the process, inquiry, observation, and review of the client's documentation
a. True b. False Indicate whether the statement is true or false
________ occurs whenever a consumer sees a significant difference between his current state of affairs and some desired or ideal state
A) Perceived risk B) Problem recognition C) Problem solving D) Learning E) Lifestyle change
In organizations that have multiple service desks linked by technology, service desk operations can be transferred to an alternate site in the event of a natural disaster or other extreme condition.
Answer the following statement true (T) or false (F)