Which of the following statements is true if the income statement debit column exceeds the income statement credit column of a worksheet?
A) The company incurred a net loss.
B) The retained earnings account increased during the period.
C) The company made a net profit.
D) An error was made.
A
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The singular possessive form of the word "broker" is _____
Fill in the blank(s) with correct word
With the enactment of the Sarbanes-Oxley Act in 2002, the expense and administrative responsibilities of being a public company, as well as the liability risks of officers and directors, are significantly greater.
Answer the following statement true (T) or false (F)
Companies invest in trading investments with the intent of ________
A) increasing the amount of long-term assets B) gaining the controlling rights of the investee C) holding the investment until maturity D) generating a profit on a quick sale
Mona, an accountant, prepares for NuTech Corporation a financial statement that omits a material fact. The financial statement is included in NuTech's registration statement, which Pam reads. Pam buys NuTech stock. Under Section 11 of the Securities Act of 1933, for Mona to be liable for the omission, Pam must show that
A. Pam relied on the omission. B. Pam suffered a loss on the stock. C. Pam knew about the omission before making her purchase. D. the omission had no causal connection to her loss.