Which of the following accounts would not be classified as a current asset?
a. Cash restricted for retirement of bonds
b. Cash and equivalents
c. Cash and certificates of deposit
d. Time deposits
e. Cash
A
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Gains and losses on the purchase and resale of treasury stock may be reflected only in
a. paid-in capital accounts. b. paid-in capital and retained earnings accounts. c. income, paid-in capital, and retaining earnings accounts. d. income and paid-in capital accounts. e. None of these answer choices is correct.
An enterprise resource planning program will help the company do which of the following:
a. increase organizational variances. b. increase inventory levels. c. share activity centers. d. manage and coordinate activities.
Which of the following would be the most effective statement in a letter refusing a local organization's request for a charitable donation?
A) Even though our budget won't allow a contribution this year, we hope to be able to contribute next year. B) Please accept our sincerest apologies for being unable to donate to your cause. C) We are unable to contribute this year because of budget constraints. D) Unfortunately, company policy prevents us from donating to your cause.
John Akers, former chairman of IBM, argued that ethics are not important to economic competitiveness
Indicate whether the statement is true or false