An investment company that does not sell securities to the public, but specializes in internal investing, is exempt from the Investment Company Act
a. True
b. False
Indicate whether the statement is true or false
True
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Accounts receivable confirmation letters should be prepared on the auditing firm's letterhead
a. True b. False Indicate whether the statement is true or false
Which of the following statements is FALSE? Affirmative action
A) often benefits minorities B) is required under the Charter of Rights and Freedoms C) is legal under provincial Human Rights Codes D) permits programs to discriminate now to make up for past discrimination against certain groups E) can permit special hiring policies that may give an advantage to femal applicants
When the unemployment rate is low, there are fewer qualified workers looking for jobs. This labor market condition may encourage companies to raise wages in order to recruit or retain employees.
Answer the following statement true (T) or false (F)
If assets are $300,000 and liabilities are $192,000, then equity equals:
A. $792,000. B. $300,000. C. $108,000. D. $492,000. E. $192,000.