Which of the following is considered an unusual item affecting the prior period's income statement?
a. a change in accounting principles
b. fixed asset impairments
c. an extraordinary item
d. discontinued operations
a
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The ability of an organization to transfer its earnings to another country is an example of ______.
A. environmental factors B. political factors influencing location decisions C. commerce restrictions D. technological factors
How is a cashier's check different from an ordinary check?
A) Cashier's checks can be postdated, but ordinary checks cannot be postdated. B) Unlike ordinary checks, cashier's checks do not require the purchaser to hold a checking account at that bank. C) Unlike ordinary checks, cashier's checks are cancellable negotiable instruments upon issue. D) Cashier's checks are three-party checks, while ordinary checks involve only two parties.
A clean work area indicates
a. that you have nothing to do. b. that you are out of your work area. c. a sign of neglect. d. a safe and efficient work area.
The right to cure extends beyond the date that delivery is called for under the contract:
A) In all contracts covered by the UCC. B) In any situation where the seller had reasonable grounds to believe that the buyer would accept the nonconforming goods. C) In any situation where cure by the original delivery date would impose a hardship on the seller. D) Only if the contract allows. E) In any situation where it is commercially reasonable that it extend.