When a transposition error is made on the trial balance, the difference between the debit and credit totals on the trial balance will be
A) zero
B) twice the amount of the transposition
C) one-half the amount of the transposition
D) divisible by 9
D
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If a bailee misdelivers the bailed property at the termination of the bailment, the ________.
A. bailor assumed the risk and is liable B. bailee does not have the burden of showing that the accident occurred despite exercising due care C. property should not be returned to the bailor D. bailee is liable to the bailor
In the context of the Boston Consulting Group (BCG) growth-share matrix, if one of the strategic business units of a conglomerate is categorized under dogs, the management should
A. hold the business till it turns into a star. B. provide more human resources to the business. C. divest the strategic business unit. D. infuse more capital into the strategic business unit.
The final step in generating a statement of cash flows is to
A) sum up cash flow from operations and transfer it to the balance sheet. B) sum up cash flow from operations, financing, and investment activities and transfer it to the balance sheet. C) sum up cash flow from investing activities and transfer it to the balance sheet. D) none of the above.
A company currently has 200,000 shares issued and 190,000 shares outstanding. If the company purchases 20,000 shares of treasury stock, what amount of shares will be outstanding?
A. 220,000. B. 180,000. C. 170,000. D. 210,000.