Among the many responsibilities of the PCAOB is to adopt accounting standards
Indicate whether the statement is true or false
F
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Discuss and exemplify why it is particularly important to critically evaluate sources you find online.
What will be an ideal response?
Gavin is always careful to explain to prospective employees both the positive and negative aspects of the job. As an example, while the job pays very well and offers excellent benefits, employees are expected to work long hours and at least one weekend every month. Gavin is giving employees a ______.
a. relevant job description b. reasonable job expectation c. realistic job preview d. reliable job information
Last year Lawn Corporation reported sales of $115,000 on its income statement. During the year, accounts receivable decreased by $10,000 and accounts payable increased by $15,000. The company uses the direct method to determine the net cash provided by (used in) operating activities on the statement of cash flows. The sales revenue adjusted to a cash basis for the year would be:
A. $100,000 B. $140,000 C. $90,000 D. $125,000
Refer to the following information for Tangent Corporation
• Common Stock, $1.00 par, 108,000 shares issued, 99,000 shares outstanding • Paid-In Capital in Excess of Par-Common: $2,330,000 • Retained Earnings: $910,000 • Treasury Stock: 11,000 shares purchased at $33 per share If Tangent resold 1,300 shares of treasury stock for $23.00 per share, which of the following statements would be true? A) The Treasury Stock account would decrease by $21,450. B) The Paid-In Capital in Excess of Par-Common account would increase by $1,300. C) The Treasury Stock account would decrease by $42,900. D) The Retained Earnings account would increase by $29,900.