Proceeds from the sale of investments in common stock accounted for by the equity method would be classified into which of the following sections of the statement of cash flows?
a. Operating
b. Investing
c. Financing
d. Non-cash item
B
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Social networking sites that compete directly with Facebook have a difficult time surviving; however, LinkedIn has survived by focusing on the needs of business professionals, who seek to network with colleagues, share their expertise, post online résumés, and look for new jobs. Write a value proposition for LinkedIn.
What will be an ideal response?
What are the common options for housing?
What will be an ideal response?
Diane, a police officer, stops Tim's car for a traffic offense. While talking to Tim, she shines a flashlight into the passenger compartment of Tim's car and sees evidence of drug paraphernalia. Which statement is correct?
A. Diane may search the passenger compartment of the car and any place else in the car, including the trunk, without Tim's consent. B. Diane may search the passenger compartment of the car without Tim's consent; however, she may not search the trunk of the car without his consent or without a search warrant. C. Diane may not search the passenger compartment of the car (nor any place else) without Tim's consent or without a search warrant. However, she can require Tim to remain parked until the search warrant is brought to her. D. Under the above circumstances, Diane can write Tim a traffic citation but cannot search the vehicle.
Which of the following is one of the better auditing techniques that might be used by an auditor to detect kiting between intercompany banks?
A. Review the composition of authenticated deposit slips. B. Review subsequent bank statements received directly from the banks. C. Prepare a schedule of bank transfers. D. Prepare year-end bank reconciliations.