Which of the following must stem from an enabling statute?
a. Substantive rules promulgated by an agency
b. Procedural rules promulgated by an agency
c. Substantive and procedural rules promulgated by an agency
d. None of the above
a
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The length of the operating cycle is another factor that may cause cash flow from operations to differ from __________________________________________________
Fill in the blank(s) with correct word
U.S. GAAP specifies that, in the context of inventories, market means replacement cost, except that market may not exceed net realizable value and may not be less than net realizable value reduced by a normal profit margin
Indicate whether the statement is true or false
A corporate bond that yields 12 percent includes a risk-free rate of 7 percent and a default risk premium of 3 percent. The bond's maturity risk premium is _____.
A. 1 percent B. 10 percent C. 4 percent D. 2 percent E. 6 percent
The Smithsonian Institution exists to preserve historical and cultural items of value and to share those items with the public; it does not exist to maximize the wealth of any shareholders. This entity is organized as a(n)
A. cooperative. B. quasi-government corporation. C. S-corporation. D. not-for-profit corporation. E. closed corporation.