Utilization of an electronic theft detection system is an example of:
A) security measures.
B) the control environment.
C) monitoring.
D) risk assessment.
A) security measures.
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The most important accounting problem in dealing with merchandise inventory is the application of which of the following conventions or rules?
A) Materiality B) Full disclosure C) Matching D) Conservatism
Anish needs to convince her employee to work through lunch today on a big project. Anish has a very direct communication style and her employee does not. What is the best strategy for Anish to influence her employee on this issue?
a. Try to frame her argument using her employee’s communication style. b. Hint to her employee that such an action may be necessary. c. Be blunt and to the point in asking her employee to work through lunch. d. First, teach the coworker to use a more direct communication style.
Transnational Corporation and UniShip, Inc., agree to a contract that includes an arbitration clause. If a dispute arises, a court having jurisdiction may
A. monitor any arbitration until it concludes. B. order an arbitrator to rule in a particular way. C. order a party to bring the dispute to court. D. order a party to submit to arbitration.
Hunter Manufacturing Inc.'s December 31, 2019 balance sheet showed total common equity of $2,050,000 and 100,000 shares of stock outstanding. During 2020, Hunter had $250,000 of net income, and it paid out $100,000 as dividends. What was the book value per share at 12/31/2020, assuming that Hunter neither issued nor retired any common stock during 2020?
A. $20.90 B. $22.00 C. $23.10 D. $24.26 E. $25.47