The motion picture industry uses a rating system to describe the content of its movies. Movies are accompanied by ratings such as PG (parental guidance suggested) or R (not suitable for those under 17). This rating system satisfies consumers' right to
A. be heard.
B. safety.
C. be informed.
D. censorship.
E. watch what they want to watch.
Answer: C
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Witt Company maintains a continuous record of purchases, materials issued into production and balances of all goods in stock, so that inventory valuation data is available at any time. This is an example of a(n)
a. perpetual inventory system. b. inventory control account. c. periodic inventory system. d. inventory cost method.
Which of the following is the mission of the Ethics & Compliance Initiative (ECI) and the Society of Corporate Compliance and Ethics (SCCE)?
a. to provide ethics and compliance officers with support and best practices b. to objectively rate organizations on ethical performance c. to unionize ethics and compliance officers d. to provide third-party ethics auditing for organizations that request it
Standards for comparison when interpreting financial statements include competitor and industry performance data.
Answer the following statement true (T) or false (F)
Show the effect of a stock dividend on the accounting equation.(Use "+" for increase and "?" for decrease. If there is no effect, leave that cell blank.) Assets=Liabilities+Stockholders' Equity??Paid-in capital in excess of par value-common??Retained Earnings??????
What will be an ideal response?