The emphasis of financial management during the ________ phase is to obtain increasing amounts of cash inflows to pay for added inventory, productive assets, and employees.
A. exit
B. growth
C. operations
D. start-up
Answer: B
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A budget that adds a new month at the end of the budget when a month is completed, resulting in a budget that is always one year in advance is a:
a. Flexible budget. b. Static budget. c. Continuous budget. d. Capital budget.
Answer the following statements true (T) or false (F)
The disclosure requirements of SFAS No. 132 pertain to both pensions and OPEBs where applicable.
George, John, Paul, Ringo, and Brian are five friends from Iowa. George owes John $100, John owes Paul $200, Paul owes Ringo $300, and Ringo owes Brian $400. John and Paul find a check belonging to George
John names himself as the payee on the check, fills in $200 as the amount, and forges George's signature on it. He indorses the check to Paul and asks him to consider his debt repaid, while keeping the knowledge of the forgery to himself. Paul, in turn, indorses the check to Ringo and pays Ringo the remaining $100 in cash. Predictably, Ringo indorses the check to Brian, who presents the check to George's bank and receives payment. Who among the following can the bank recover the money from, once the forgery is detected? A) George B) Paul C) Brian D) Ringo
Which of the following allows the filing of a lawsuit previously barred by the running of the statute of limitations?
a. A statute of repose b. A recommence statute c. A revival statute d. None of these choices because any such law would be unconstitutional.