Caryn deposits a check in her bank at 2:30 on Monday. The bank may, under the Code, treat the check as having been deposited on Tuesday for purposes of meeting the midnight deadline rule
a. True
b. False
Indicate whether the statement is true or false
True
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During the 2004 Super Bowl broadcast, PepsiCo launched a joint promotion with Apple's iTunes Music Store. Anyone purchasing a bottle of Pepsi had a one-in-three chance of being a winner
However, many people discovered that by tilting the bottles, they could tell whether the bottle was a winner. Indicate whether the statement is true or false
Which of the following are accounting symptoms that may indicate cash or marketable security misstatements?
a. Obtaining statements directly from financial institutions as of the date you are concerned about. b. Differences between recorded amounts and amounts confirmed with banks, brokers, and other independent parties. c. Having physical possession of marketable security certificates. d. Comparing cash and marketable security balances with those of similar companies.
On September 1, Year 1, Orville Corporation has unrestricted retained earnings of $600,000, appropriated retained earnings of $400,000, cash of $850,000, and accounts payable of $50,000. What is the maximum amount that can be used for cash dividends?
A. $800,000 B. $850,000 C. $450,000 D. $600,000
Entrepreneurs themselves perceive the concept of risk in which of the following ways?
a. calculated risk taking b. gambling risk c. distorted risk taking d. social risk