Accounting information contains numerous estimates, classifications, summarizations, judgments, and allocations
Indicate whether the statement is true or false
T
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The International Accounting Standards Board is the primary and most important determinant of generally accepted accounting principles
Indicate whether the statement is true or false
Why might stock options not be the best way to promote coordination of goals?
a. Stock prices can fluctuate quickly. b. Many of the variables that affect stock prices are beyond a manager's control. c. Employees generally do not value stock options very highly. d. None of these choices
Mary Sunny began business as Sunny Law Firm on November 1. Record the following November transactions by making entries directly to the T-accounts provided. Then, prepare a trial balance, as of November 30.a) Mary invested $15,000 cash and a law library valued at $6,000 in exchange for common stock.b) Purchased $7,500 of office equipment from John Bronx on credit.c) Completed legal work for a client and received $1,500 cash in full payment.d) Paid John Bronx. $3,500 cash in partial settlement of the amount owed.e) Completed $4,000 of legal work for a client on credit.f) The firm paid $2,000 cash in dividends.g) Received $2,500 cash as partial payment for the legal work completed for the client in (e).h) Paid $2,500 cash for the legal secretary's salary. src="https://sciemce.com/media/4/ppg__550826191207__f1q259g1.jpg" alt="" style="vertical-align: 0.0px;" height="301" width="576" />
What will be an ideal response?
The U.S. Immigration and Customs Enforcement is the largest investigative branch of the department of:
a. Criminal Investigation. b. Counterterrorism. c. Homeland Security. d. Intelligence.