Adjustments for dilutive securities and the adjustment to weighted average number of shares outstanding presumes that the dilutive securities are converted to common shares
a. as of the beginning of the year.
b. as of the end of the year.
c. as of the middle of the year.
d. as of the point in time where the maximum number of shares are outstanding.
A
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Which of the following statements is not true regarding the use of a judgmental approach by auditors in determining whether a misstatement is clearly trivial?
a. The determination is based on past auditor experience. b. The determination is usually not very defensible to third-party users. c. The determination is usually not very defensible to regulators. d. The determination uses percentages for the likelihood of misstatement.
Of the three itemized rating scales considered, the semantic differential scale is used the least
Indicate whether the statement is true or false
If Rex Corporation issued Ten bonds of $1,000 at 99.75 on the interest date. The entry to record this transaction is:
a. Cash 990.75 Bonds Payable 990.75 b. Cash 9,907.50 Bonds Payable 9,907.50 c. Cash 997.50 Bonds Payable 997.50 d. Cash 9,975 Unamortized bond Discount 25 Bonds Payable 10,000
Which of the following is not true regarding capital market research?
a. Studies have found a low correlation between the variability of accounting earnings and beta. b. Studies have found a strong association between accounting-based ratios and the market measure of risk. c. Studies have found that supplemental segment (line of business) disclosures resulted in a revision of systematic risk, indicating that such information is useful for risk assessments. d. At least one study has found that pension information is not useful for risk assessments.