President Bill Clinton's response to the American public in explaining the Monica Lewinsky scandal could accurately be called ________

A) highly detailed
B) spin
C) factual and accurate
D) complete fiction


B

Business

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Nebraska Inc issues 3,000 shares of common stock for $45,000 . The stock has a stated value of $10 per share. The journal entry to record the stock issuance would include a credit to Common Stock for

a. $30,000 b. $45,000 c. $15,000 d. $3,000

Business

If a marketing researcher is looking for a contact method that can gather information quickly and allow the interviewer to clarify questions if necessary, he or she will choose the telephone interview method

Indicate whether the statement is true or false

Business

The Lucas Company offers employees a defined contribution pension plan. In 2015, Lucas contributed $175,000 to the plan, which paid $195,000 to retired employees. Which of the following statements is true?

A) Lucas will record an accrued liability of $20,000. B) Lucas will report pension expense of $175,000. C) Lucas will recognize prior service cost of $20,000. D) Lucas will recognize actuarial gains and losses on the plan over current and future periods.

Business

The auditor will modify the audit report on ICFR effectiveness when management's annual certification pursuant to Section 302 of the Sarbanes-Oxley Act is misstated

a. True b. False Indicate whether the statement is true or false

Business