Which of the following statements concerning callable bonds is false?
A)
They can be redeemed at the borrower's discretion.
B)
The redemption is usually at a price above face value.
C)
Callable bonds give corporations greater flexibility in financing.
D)
Callable bonds may be redeemed before maturity.
A
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U.S.-based Pearly People introduced a line of accessories that have been very popular in France, leading the company to want to open a distribution facility there. The marketing manager is optimistic and wants to scale up fast, but the HR manager advises proceeding with caution. What difference between the countries best explains the HR manager's advice?
A. French laws encourage layoffs when business slows, which is bad for morale. B. If the company replaces French workers in the future, they will have to develop new skills. C. HR planning addresses hiring but cannot prepare the company for a possible slowdown. D. U.S. laws give employers wide latitude for workforce reductions, but French laws do not. E. French companies are developing computer systems to automate distribution facilities.
There are very important differences between U.S. and international standards regarding contingencies. Even the terms used to refer to situations with unknown outcomes differ. Explain these differences
Who licenses CPAs?
a. The PCAOB. b. The AICPA. c. The State Boards of Accountancy. d. The SEC.
An auditor determines that there is an inherent risk that all stock repurchased is not recorded as treasury stock. This determination is most likely tied to which of the following management assertions?
a. Completeness. b. Presentation and disclosure. c. Valuation. d. Existence.