A proxy is effective until the shareholder revokes it

a. True
b. False
Indicate whether the statement is true or false


False

Business

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All of the following are inherent risk factors that are pervasive to the financial statements except:

A. supplies inventory is difficult to count. B. classes of transactions are not processed systematically. C. highly complex significant transactions. D. non-routine transactions.

Business

The role of an ethics course should be to convey information to a passive audience, while treating students as passive learners.

Answer the following statement true (T) or false (F)

Business

At the beginning of the year, a company's balance sheet reported the following balances: Total Assets = $225,000; Total Liabilities = $25,000; Total Paid-in capital of $100,000; and Retained earnings = $100,000. During the year, the company reported revenues of $46,000 and expenses of $30,000. In addition, dividends for the year totaled $20,000. Assuming no other changes to Retained earnings, the balance in the Retained earnings account at the end of the year would be:

A. $24,000. B. $136,000. C. $116,000. D. $104,000. E. $96,000.

Business

Inland Eastex Inc. manufactures paper that is used for printing covers for different types and sizes of magazines. The percentage of magazine sales determines how much paper Inland Eastex will produce each year. This is an example of__________demand

Fill in the blanks with correct word.

Business