A bank makes credit entries into a depositor's account for all of the following except ________
a. proceeds for a loan made to the company by the bank
b. service charges
c. deposits made by electronic funds transfer
d. correction of bank errors
b
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Consider Figure 5.4. The increase in Venezuelan producer surplus under the production subsidy totals
a. $16. b. $20. c. $24. d. $32.
The ethical standards for management accountants state that accountants are obligated to maintain professional competence at all times when dealing with
a. people outside the company. b. regulatory bodies. c. the world marketplace. d. people and resources of one's own company, outside entities, and the world marketplace.
The term LIFO reserve refers to
a. a cost flow assumption for valuing inventory. b. the difference between the ending inventory amount under LIFO and the ending inventory amount under another inventory cost flow assumption. c. inventory pools used in the dollar-value LIFO method. d. a special fund set aside to cover LIFO liquidations.
Which of the following is not a firm-level antecedent in developing fraudulent behavior ?
a. The composition of the Board b. Level of senior management c. Remuneration strategies d. Organizational culture