The law that requires the federal government to disclose most "records" to "any person" on request is called the
a. Administrative Procedure Act.
b. Regulatory Flexibility Act.
c. Government-in-the-Sunshine Act.
d. Freedom of Information Act.
d
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Net income is equal to:
a. Assets minus Liabilities b. Revenues and Gains minus Expenses and Losses c. Shareholders' Equity minus Assets d. Revenues and Assets minus Expenses and Liabilities
If a firm has substantial capital or financing leases disclosed in the notes but not capitalized in the financial statements, then:
a. the times interest earned ratio will be overstated, based upon the financial statements. b. the fixed charge ratio will be overstated, based upon the financial statements. c. the debt ratio will be understated. d. the working capital will be understated. e. None of the answers are correct.
An overdraft and "bounced check" mean the same thing
Indicate whether the statement is true or false.
A prospectus is a contract in which a person (1) invests (2) in a common enterprise (3) reasonably expecting profits.
Answer the following statement true (T) or false (F)