A blog that allows everyone to participate as a peer; anyone may add, delete, or change content defines ________
Fill in the blank(s) with correct word
wiki
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Simply asking someone for something that they can easily comply with succeeds what percentage of the time?
A. 85 B. 88 C. 90 D. 78
Which of the following statements concerning contingencies is true?
A) Contingent liabilities are always recorded in the body of the financial statements. B) Contingent liabilities are always disclosed in the footnotes to the financial statements. C) Contingent gains are sometimes recorded in the body of the financial statements. D) Contingent gains are sometimes disclosed in the footnotes to the financial statements.
Swim Suits Unlimited is in a highly seasonal business, and the following summary balance sheet data show its assets and liabilities at peak and off-peak seasons (in thousands of dollars): Peak Off-Peak Cash$50 $30 Marketable securities0 20 Accounts receivable40 20 Inventories100 50 Net fixed assets 500 500 Total assets$690 $620 ? Payables and accruals$30 $10 Short-term bank debt50 0 Long-term debt300 300 Common equity 310 310 Total claims$690 $620 ? From this data we may conclude that
A. Swim Suits' current asset financing policy calls for exactly matching asset and liability maturities. B. Swim Suits' current asset financing policy is relatively aggressive; that is, the company finances some of its permanent assets with short-term discretionary debt. C. Swim Suits follows a relatively conservative approach to current asset financing; that is, some of its short-term needs are met by permanent capital. D. Without income statement data, we cannot determine the aggressiveness or conservatism of the company's current asset financing policy. E. Without cash flow data, we cannot determine the aggressiveness or conservatism of the company's current asset financing policy.
Under the RUPA, a partner must manage the partnership affairs without ____ negligence to avoid violation of the duty of care
A) ordinary B) culpable C) gross D) any