Which of the following should not be considered cash by an accountant?
A) money orders
B) bank checking accounts
C) postage stamps
D) travelers' checks
C
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For each of the items below, determine whether the items are temporary differences or permanent differences. Also, for each temporary difference, determine whether a deferred tax asset or deferred tax liability is created by the temporary difference described. Assume that each of the temporary differences described is an originating difference. Municipal bond interest
Accrued warranty expense Sales revenues received in advance Prepaid insurance where the tax deduction in future years will be less than the book expense Tax depreciation expense exceeds GAAP (book) depreciation expense Accrued bad debt expense The dividends received deduction Sales revenue recognized currently for GAAP, recognized for tax purposes in future years) Life insurance payments for executives for which the company is the beneficiary Fines paid for law violations What will be an ideal response?
________ refers to sending back verbal and nonverbal messages to a message originator.
A. Recalling B. Responding C. Receiving D. Recognizing
Which of the following is true of financial institutions?
A. Financial institutions are the regulators of interest rates and other returns in financial markets. B. Managers of financial institutions should have an understanding of factors that cause interest rates and other returns in the financial markets to rise and fall. C. Financial institutions are accountable and responsible in reporting financial information for publicly-traded corporations. D. Financial institutions are required by the Sarbanes-Oxley Act to disclose the environment-friendly measures taken by investment corporations. E. Financial institutions require public corporations to adopt socially responsible work practices.
Bill lays out a goal for Larry, the head of his printing department. He wants Larry to print exactly 500,000 books, which will be tracked by the counter on the book binding machine. Bill knows Larry can do this because they have printed that many books before. What does Bill need to add to make this a S.M.A.R.T. goal?
A. the contact information for the authors whose books will be printed B. a deadline for when the books should be printed C. a sample book so Larry can see what the finished product looks like D. the promise of a monetary bonus for making the goal E. a list of suggested ways to improve efficiency