Which of the following most likely would be classified as a current liability?
A) Mortgage payable
B) Dividends payable
C) Five-year notes payable
D) Bonds payable
B
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In which of the following situations would a CPA be considered independent?
a. A CPA's brother is the Vice-President of Sales at the CPA's audit client. b. A CPA's father was a salesman at the CPA's audit client and now a major portion of the father's pension fund is invested in the audit client. c. A CPA's cousin works as a web-site designer at the audit client. d. A CPA's son works summers at the audit client and has earned 10 shares of stock in the audit client.
Which is true when choosing a location for a service desk?
A. Typically, service desks are not located near level two and level three support groups, as the service desk analysts will not learn to solve incidents on their own and will distract the level two and level three groups. B. It is accepted best practice to locate a service desk near level three support groups, but it is not a best practice to locate a service desk near a level two group. Service desks need to learn to be independent. C. In an internal service desk setting, it is not wise to locate the service desk near the customers as the customers will not follow proper procedures for contacting the service desk, and they will hinder the service desk's ability to resolve issues. D. Service desks may be located near a training department to recognize the need for ongoing education or in an area where operations can continue in the event of an emergency.
Which type of question should you ask if you want a particular answer in the negotiation process?
A. rhetorical B. leading C. open ended D. either-or
Florence borrows $1,500 from Fremont, leaving her gold necklace with Fremont as collateral. Two weeks earlier, Florence had borrowed $1,000 from Corner Bank. Florence signed a security agreement and a financing statement giving Corner Bank a security interest in the same gold necklace. The financing statement is filed in the appropriate location. If Florence defaults on both loans, which creditor
has the superior rights to the necklace? a. Fremont, because his loan was the first to attach. b. Fremont, because possession takes priority over filing. c. Corner Bank, because Fremont did not perfect his interest. d. Corner Bank, because Fremont did not have a written security agreement.