A currency that is used for international trade is known as a _________ currency.
Fill in the blank(s) with the appropriate word(s).
vehicle
This is taken directly from the text.
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The external auditor is responsible for establishing and maintaining the internal control system
Indicate whether the statement is true or false
Coca-ColaIt is almost 100 degrees outside, and Ed is on his way to the supermarket to buy groceries. His air conditioner is broken, so he is hot and thirsty. Ed notices a billboard featuring an ice-cold Coca-Cola. Ed remembers he is out of Coke. Once in the store, Ed heads straight for the soft-drink aisle and picks up a twelve-pack of Coke.Refer to Coca-Cola. According to Maslow's hierarchy of needs model, which need was Ed trying to satisfy when he purchased the Coke?
A. self-actualization B. esteem C. safety D. social E. physiological
The Civil Rights Act of 1964, a federal statute, forbids discrimination on the basis of national origin in employment. The Equal Employment Opportunity Commission (EEOC) is the administrative agency that oversees the law. The EEOC issued Guidelines on Discrimination because of National Origin. According to one of the guidelines, the EEOC will presume a violation of the law if an employer sets a work requirement that employees must speak only English in the workplace. This is an interpretive rule because it interprets the Civil Rights Act.
Answer the following statement true (T) or false (F)
On July 31, Potter Co. purchased 2,000 shares of GigaTech stock for $16,000. GigaTech has 100,000 shares currently outstanding. This is the company's first and only stock investment. On October 31, which is Potter's year-end, the stock had a fair value of $20,000. Potter should record a:
A. Credit to Fair Value Adjustment-Stock for $4,000. B. Debit to Unrealized Gain-Equity for $4,000. C. Debit to Unrealized Loss-Income for $4,000. D. Credit to Investment Revenue for $4,000. E. Credit to Unrealized Gain-Income for $4,000.