Yahoo purchased Tumblr for 1.1 billion in 2013 but wrote off 80 percent of the investment by the middle of 2016. They considered this to be a poor
A. expansion.
B. acquisition.
C. divestiture.
D. cost savings.
Answer: B
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An aging schedule typically categorizes the various accounts by the length of time each invoice is outstanding
a. True b. False Indicate whether the statement is true or false
Which financial statements are required for proprietary funds?
A. Statement of Net Position; Statement of Revenues, Expenses, and Changes in fund Net Position; Statement of Cash Flows. B. Budgetary comparison schedule; Statement of revenues, expenditures, and changes in fund balance; Statement of Net Position. C. Statement of Net Position; Statement of Revenues, Expenses, and Changes in fund net position. D. Statement of Net Position; Statement of revenues, expenditures, and changes in fund balances; Statement of Cash Flows.
Which of the following elements of the Committee of Sponsoring Organizations provides assessment capabilities and uncovers vulnerabilities?
A. Ongoing monitoring B. Control activities C. Information and communications D. Risk assessment
Which of the following is TRUE of the use of ethics assist lines today?
a. Users of ethics assist lines typically just report incidents rather than receive assistance. b. About half of fortune 500 companies now employ an ethics assist line. c. Most organizations call them “ethics hotlines” instead of assist lines. d. Many small organizations contract out to third party services for an ethics assist line.