A business that contributes resources to the community to improve the quality of life is taking on a(n) ____ responsibility.
A. ethical
B. legal
C. cost
D. philanthropic
E. economic
Answer: D
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U.S. GAAP requires that the statement of cash flows disclose the amount of cash flows arising from financing activities including
a. short-term and long-term borrowing and repaying short-term or long-term borrowing. b. issuing of common or preferred stock and reacquiring shares of outstanding common or preferred stock. c. payment of dividends to stockholders. d. all of the above. e. none of the above.
Which of the following is an example of a manufacturing cost?
a. direct materials b. selling expense c. factory overhead d. Both b and c answers are correct. e. Both a and c answers are correct.
Distribution of profits in order to pay wages owed to someone does not imply that there is a
partnership. Indicate whether the statement is true or false
Switch/On Company develops "Instant," software to speed the display of graphics on Web sites. "Instant" has the most copyright protection under
A. the Federal Trademark Dilution Act. B. the Internet Corporation for Assigned Names and Numbers. C. the Trade-Related Aspects of Intellectual Property Rights agreement. D. the Uniform Trade Secrets Act.