In case of business cycles, if output rises above the trend line
A. unemployment and inflation both rise.
B. unemployment and inflation both fall.
C. unemployment rises and inflation falls.
D. unemployment falls and inflation rises.
Answer: D
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U.S. GAAP and IFRS provide criteria for distinguishing operating leases from capital leases. Which of the following is not true?
a. The criteria attempt to identify the entity, whether lessor or lessee, that enjoys the benefits and incurs the risk of the leased asset. b. When the lessor enjoys the benefits and bears the risk, the lease is an operating lease. c. When the lessee enjoys the benefits and bears the risk, the lease is a capital lease. d. IFRS provides more specific criteria for identifying the entity enjoying the rewards and incurring the risk. e. Firms cannot currently apply the fair value option to capital leases.
The price below which the stock option holder does not have to exercise the option is called the:
a. floor price b. put price c. strike price d. call price e. exercising price
Nonprofit organizations primarily rely on three sources of funding: individual donations, corporate donations, and federal funds.
Answer the following statement true (T) or false (F)
The two business entities involved in an investment in securities with controlling influence, for which consolidated financial statements are prepared, are known as:
A. Both are referred to as partners. B. Parent and Subsidiary C. Consolidator and Parent D. Subsidiary and Investee E. Parent and Investor