If an insider resigns before trading, he or she cannot be held liable for improper insider trading
a. True
b. False
Indicate whether the statement is true or false
False
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The Merchandise Inventory account balance is $52,000. A physical count of inventory reveals that the actual inventory balance is $41,000. Which of the following would be included in the adjusting entry? (Assume a perpetual inventory system.)
A) a $41,000 credit to Merchandise Inventory B) a $52,000 debit to Cost of Goods Sold C) a $11,000 credit to Cost of Goods Sold D) a $11,000 credit to Merchandise Inventory
Distinguish between a deferral and an accrual
Secured bonds are those bonds whose ownership is recorded in the corporate records
Indicate whether the statement is true or false
The Librarian of Congress and the Copyright Office outlawed the breaking of DVD encryption for education and commentary, on the basis of the Digital Millennium Copyright Act (DMCA)
Indicate whether the statement is true or false