Which of the following does NOT constitute a federal source of information?
a. County clerk
b. CIA
c. Secret service
d. FBI
a
FEEDBACK: a. Correct. This is a state agency.
b. Incorrect. This is a federal agency.
c. Incorrect. This is a federal agency
d. Incorrect. This is a federal agency.
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The gross profit ratio is computed by dividing net sales by gross profit
a. True b. False Indicate whether the statement is true or false
Use this information to answer the following question. Hernandez Corporation has 60,000 shares of $10 par value common stock outstanding. The following transactions occurred during the year: Mar. 17 Declared a 10 percent stock dividend to stockholders of record on March 20 . Market value of the stock was $13 on March 17. 30 Distributed the stock dividend. The entry to record the transaction of
March 17 would be: a. Stock Dividends 78,000 Common Stock Distributable 60,000 Additional Paid-in Capital 18,000 b. Common Stock Distributable 60,000 Common Stock 60,000 c. Common Stock Distributable 78,000 Common Stock 60,000 Retained Earnings 18,000 d. Stock Dividends 78,000 Cash 78,000
In the early 1980s, seven people died after taking cyanide-laced Tylenol capsules. The makers of Tylenol quickly responded by pulling the product from the shelves, working with law enforcement to find the killer and offering a $100,000 reward. This is an example of ________ management.
Fill in the blank(s) with the appropriate word(s).
The difference that arises between the balance on the bank statement and the balance on the company's books because of a time lag in recording transactions is known as a permanent difference
Indicate whether the statement is true or false