Line Corporation's balance sheet showed the following amounts for their liability and stockholders' equity accounts: Current Liabilities, $5,000; Bonds Payable, $1,500; Lease Obligations, $2,000; and Deferred Income Taxes, $300 . Total stockholders' equity was $6,000 . The debt-to-equity ratio is
a. 0.63
b. 0.83
c. 1.42
d. 1.47
d
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The Certified Information Systems Auditors (CISA) designation identifies those professionals possessing IT audit, control and security skills. How do you think a professional designation is helpful for IT auditors?
What will be an ideal response?
Column totals are called footings
Indicate whether the statement is true or false
Nasim was fired from his job after 3 years of good performance. His boss simply said that the organization was changing and did not need Nasim’s work any longer. This type of firing is likely acceptable under the doctrine of ______.
A. employment variability B. workplace monitoring C. employment-at-will D. orientation period
In the context of an acquisition, when the acquiring firm buys the target firm despite the opposition of the target's board and top management, the result is called a _____.
A. creeping acquisition B. hostile takeover C. bootstrap acquisition D. lobster trap