Which of the following legal documents establishes the U.S. federal government and specifies its powers?
A) federal statutes
B) the U.S. Constitution
C) the combined list of state statutes
D) the set of codified laws called ordinances
B
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The primary objective of external auditors is to provide assurance to stockholders and other users that the statements are fairly presented
a. True b. False Indicate whether the statement is true or false
Long-term assets are $800, current liabilities are $500, and long-term liabilities are $600 . If the current ratio is 2.5 to 1, then current assets are
a. $ 200 b. $ 625 c. $1,250 d. $2,000
Assume common stock is issued to employees as a result of exercising stock purchase rights issued under a noncompensatory share purchase plan. Which of the following accurately describes the effect on the company's income, paid-in capital, and retained earnings, respectively?
A) decreased, increased, and decreased B) no effect, increased, and increased C) decreased, increased, and no effect D) no effect, increased, and no effect
When an organization compares a score on a selection test to the job performance of existing workers in that job, the organization is using ______ validity.
A. construct B. content C. convective D. criterion-related