Nursing Home Care Company is charged with violating a rule of the Social Security Administration. Most likely, Nursing Home Care will be required to appear at a hearing presided over by?
A) a federal appellate court judge
B) a federal district court judge.
C) an administrative law judge.
D) a U.S. Marshal.
C
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The purchase of office equipment on credit has what effect on the accounting equation?
a. Assets increase and liabilities increase b. Liabilities increase and stockholders' equity decreases. c. Assets decrease and stockholders' equity decreases d. Assets decrease and liabilities decrease.
Diya sent an e-mail to Sid stating that she wanted him to organize her wedding. The e-mail mentioned that Sid must accept the offer by replying to the e-mail. He received the e-mail and went to Diya's house and communicated acceptance of the offer. Is Sid's acceptance of offer effective?
What will be an ideal response?
Government grants, loans, and tax breaks given to domestic companies are considered to be ______.
a. quotas b. subsidies c. tariffs d. embargos
Which of the following is not correct regarding IAS 39, International Accounting Standard 39, "Financial Instruments: Recognition and Measurement," and SFAS No. 140, Statement of Financial Accounting Standards No. 140, "Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities: A Replacement of FASB Statement No. 125"?
a. IAS 39 represents a principles-based approach to standard setting. b. SFAS No. 140 represents a principles-based approach to standard setting. c. SFAS No. 140 represents a rule-based approach to standard setting. d. In the large majority of cases, application of the two standards will result in the same accounting treatment for a receivable transfer.