State courts may have jurisdiction in which of the following situations?
a. plaintiff and defendant live in different states, the matter involves state law, and the amount in controversy is less than $75,000
b. plaintiff and defendant live in different states, the matter involves state law, and the amount in controversy is more than $75,000
c. plaintiff and defendants live in different states and the dispute involves federal law
d. plaintiff and defendant live in the same state and have a dispute about property located in the state e. all of the other choices can be correct
e
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Which is not a characteristic of a liability?
A) There will be a probable future transfer or use of assets. B) There is little or no discretion to avoid the future sacrifice. C) The obligating transaction or event must have already happened. D) A legally enforceable claim must be present.
Hofstede's Cultural Dimensions helps explain how workers from different cultures might react in the workplace. The Long-Term Orientation dimension could help explain the different approaches toward:
A. Dealing with differences in power structure B. Emphasizing results over process C. Emphasizing short-term and long-term results D. Dealing with uncertainty
A cash dividend payment to shareholders during the year should be reported on the statement of cash flows as:
A. An increase in cash flows from investing activities B. A decrease in cash flows from investing activities C. A decrease in cash flows from operating activities D. An increase in cash flows from financing activities E. A decrease in cash flows from financing activities
Because of the Sarbanes-Oxley Act, accountants must maintain financial documents and audit work for
A. six months. B. one year. C. three years. D. five years. E. ten years.