________ is an accounting approach based on specific accounting requirements set by governmental taxing agencies.

A. Forensic accounting
B. Benchmarking
C. Managerial accounting
D. Tax accounting


Answer: D

Business

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Which of the following is a possible indicator of concealment in a bankruptcy or divorce fraud?

a. Increases in operating losses that are not explained by economic factors b. The size of orders placed on credit and the credit balances with suppliers suddenly and dramatically decrease c. A sudden change in management is made without public notice d. The company sells goods at large discounts

Business

Chase Co owned 30,000 common shares of Sanborn Corporation purchased in 2008 for $540,000 . On September 20, 2014, Chase declared a property dividend of 1 share of Sanborn for every 5 shares of Chase stock held by a stockholder. On that date, there were 50,000 common shares of Chase outstanding, and the market value of Sanborn shares was $30 per share. The entry to record the declaration of the

property dividend would include a debit to Retained Earnings of a. $0. b. $300,000. c. $360,000. d. $540,000.

Business

Trademark dilution laws prohibit the use of "distinctive" or "famous" trademarks even without a showing of consumer confusion

Indicate whether the statement is true or false

Business

If you lose your place during a presentation, refer briefly to your notes

Indicate whether the statement is true or false

Business