________ is used to finance "rolling stock"-airplanes,trucks,boats,railroad cars
A) Income bonds
B) Equipment trust certificates
C) Collateral trust bonds
D) Subordinated debentures
B
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In distinguishing between revenues and gains, which of the following statements is false?
A) More gains than revenues are beyond the entity's control. B) Gains are associated more with peripheral, nonoperating activities than are revenues. C) GAAP does not provide precise distinctions between revenues and gains. D) Revenues are reported net (rather than gross) more often than gains.
For which of the following services must a CPA be independent?
a. Audits: Yes; Reviews: Yes; Compilations: Yes b. Audits: Yes; Reviews: Yes; Compilations: No c. Audits: Yes; Reviews: No; Compilations: No d. Audits: Yes; Reviews: No; Compilations: Yes
Harkin Ltd. has a $5,000 unfavorable variable overhead spending variance. Give two possible reasons for this variance
The net amount of investment by nonresidents in enterprises in which nonresidents exercise significant management control is knows as:
a. Foreign straight share b. Foreign straight investment c. Foreign direct share d. Foreign direct investment