Which of the following is most commonly associated with the treasury function?
a. recording of event data
b. security of funds
c. reporting of results of business events
d. maintaining accounting records
B
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On August 31, Farrell Corporation signed a one-year contract to provide services to Harris Company for $30,000 . Harris will pay for the services on September 1 . Using the accrual basis of accounting, when should Farrell Corporation recognize revenue?
a. September 1 of the current year when the cash is received from Harris b. On August 31 of the next year when all services have been provided c. Throughout the year as the revenue is earned d. At December 31 of the current year, and August 31 of the next year
_____ is a cyberattack tactic used to trick Internet users into giving up personal information such as PINs and account numbers.
Fill in the blank(s) with the appropriate word(s).
The relative cost of a product in different countries refers to ______.
a. purchasing power b. balance of trade c. standard of living d. exchange rate
Promissory notes that require the issuer to make a series of payments consisting of both interest and principal are:
A. Installment notes. B. Discounted notes. C. Investment notes. D. Debentures. E. Indentures.