Financial accounting is concerned primarily with planning and control of internal operations
Indicate whether the statement is true or false
F
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Isaac applied for a loan from Livingstone Bank and was denied the loan two weeks later. He discovered that the reason behind the denial was that the bank considered him a huge credit risk because a credit report stated that he was an alcoholic. Isaac claimed that this information was not true. Which of the following acts will allow Isaac to approach Livingstone Bank for reconsideration of his loan application?
A. Equal Credit Opportunity Act B. Fair Credit Billing Act C. Fair Debt Collection Practices Act D. Fair Credit Reporting Act
Global Trading Company. converts its foreign subsidiary financial statements using the translation process. The company's Swiss subsidiary reported the following for 2014: revenues and expenses of 13,220,000 and 6,672,000 Swiss francs, respectively, earned or incurred evenly throughout the year, dividends of 2,000,000 Swiss francs were paid during the year. The following exchange rates are
available: On January 1 . 2014 .................................... $.175 On December 31 . 2014 .................................. .188 Average rate for 2014 ................................. .178 Rate when dividends were declared and paid ............ .196 Translated net income for 2014 is a. $891,408. b. $809,544. c. $1,283,408. d. $1,165,544.
A list of QuickTax employee birth dates would be an example of a
A) primary key. B) field. C) table. D) record.
Process costing is applied to operations with customized products.
Answer the following statement true (T) or false (F)