A check that is outstanding for two consecutive months will appear only on the first month's bank reconciliation
Indicate whether the statement is true or false
F
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Which of the following is considered an unintentional threat to the integrity of the operating system?
a. a hacker gaining access to the system because of a security flaw b. a hardware flaw that causes the system to crash c. a virus that formats the hard drive d. the systems programmer accessing individual user files
Which of the following is not true regarding stock rights?
a. U.S. GAAP does not require recognition of the rights on the date of the grant. b. The granting of stock rights to current shareholders requires several accounting entries. c. Shareholders may exercise the stock rights or sell them to others. d. IFRS does not require recognition of the rights on the date of the grant. e. When holders exercise the stock rights, the firm records the issue of shares at the price paid just as it records the issue of new shares for cash.
Free cash flow is the amount of cash available from operating activities before paying for planned investments in long-term assets
Indicate whether the statement is true or false
What are the advantages of an exchange-traded fund relative to open-end and closed-end investment companies?
What will be an ideal response?