A(n) _____________ board member is one who does not have any direct financial ties to the firm.
a. Related
b. Outside
c. Inside
d. Operational
b. Outside
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Which of the following are components of the income statement?
A) revenues B) results from discontinued operations C) income from continuing operations D) all of these
Section 307 of the Sarbanes-Oxley Act requires:
A. corporate lawyers to report concerns of wrongdoing if not addressed. B. corporates to disclose codes of ethics for senior financial officers. C. disclosure of audit committee financial expert. D. management assessment of internal controls.
The FSIA strictly states that a foreign country is not immune to lawsuits in U.S. courts under any circumstance.
Answer the following statement true (T) or false (F)
________ are the residual claimants of a firm's cash flows
A) Preferred shareholders B) Common shareholders C) Bondholders D) Bankers