Management has been found involved in many fraudulent schemes; a common one is "channel stuffing.". What does "channel stuffing" involve?
a. Overly complex transactions.
b. Growth through stock acquisitions.
c. Shipment of goods not ordered.
d. Management compensation schemes.
c
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Additive manufacturing can use which of the following materials?
A) plastics B) ceramics C) living cells D) chocolate E) all of the above
The objective of profit maximization is rarely operational because its achievement is difficult to measure.
Answer the following statement true (T) or false (F)
Lasch Corporation has provided the following financial data from its balance sheet and income statement: Year 2Year 1Total assets$1,333,000 $1,320,000 Accounts payable$158,000 $160,000 Accrued liabilities$43,000 $40,000 Notes payable, short term$47,000 $50,000 Bonds payable$250,000 $250,000 Total liabilities$498,000 $500,000 Total stockholders' equity$835,000 $820,000 Income StatementFor the Year Ended December 31, Year 2Sales (all on account)$1,250,000 Cost of goods sold 840,000 Gross margin 410,000 Operating expenses 366,286 Net operating income 43,714 Interest expense 18,000 Net income before taxes 25,714 Income taxes (30%) 7,714 Net income$18,000 The company's debt-to-equity ratio at the end of Year 2 is closest to:
A. 0.36 B. 0.30 C. 0.41 D. 0.60
Tippees: A) are people who get information from corporate insiders
B) are relatives of corporate directors who are given nonpublic information. C) can be liable under section 10(b). D) All of the above