Which of the following would be considered a detector?
a. computer programmer.
b. source document.
c. variance report.
d. all of the above.
b
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The accounting equation can be restated as: Assets ? Equity = Liabilities.
Answer the following statement true (T) or false (F)
Willys-Overland Motors Inc. produces 4×4 quarter-ton trucks. Selected financial information for Willys-Overland is provided in the table below
The CEO, John Willys, wants to distribute $1B of cash using a stock repurchase. He intends to repurchase 15 million shares at a price of $70. Mr. Willys owns 22.5 million shares (worth $1,395 million before the repurchase). He does not plan to sell any of his shares during the repurchase. What is his wealth after the repurchase? Willys-Overland Motors Inc. Selected Financial Information Stock Price $62 Cash $1,000M Shares Outstanding 150M Debt $0 A) $1,375M B) $1,280M C) $1,385M D) $1,390M E) $1,395M
If Arnold were to leave his money in the account until he was 68, by approximately what amount would the balance increase between his 62nd and 68th years?
A) $113,667 B) $1,096,471 C) $160,457 D) $1,973
How did it come about that China, France, Russia, the United Kingdom and the United States are the five permanent members of the United Nations Security Council?
A)They were the primary victors in World War II. B)They are the nations with the largest populations. C)They are the economic leaders of the world. D)They are the nations with the largest military forces.