In order to perform their required roles and be valuable business partners, accountants must understand all of the following except:
A. What risks the business faces, and how internal controls can mitigate those risks.
B. How the business collects data, summarizes it, and communicates business information.
C. How the business delivers value, interacts with other businesses, and is a good corporate citizen.
D. How the business identifies and designs its products and services.
Answer: D
You might also like to view...
Which of the following is/are elements of a derivative?
a. Many derivatives require no initial investment, that is, no initial cash payment to the counterparty. b. A derivative may have zero initial cost, but potentially large positive or negative fair values later. c. Both U.S. GAAP and IFRS require that firms record derivatives at their fair values on the balance sheet date. d. The firm usually acquires a derivative by exchanging promises with a counterparty, such as a commercial or investment bank. The exchange of promises is a mutually unexecuted contract. e. all of the above
The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 45,000 shares were originally issued and 5,000 were subsequently reacquired. What is the amount of cash dividends to be paid if a $2 per share dividend is declared?
A) $80,000 B) $10,000 C) $90,000 D) $100,000
For sales letters, you must provide evidence to show why or how the product is great
Indicate whether the statement is true or false
An effective approach for dealing with potential unfavorable public relations resulting from a negative event is to discourage news coverage.
Answer the following statement true (T) or false (F)