Which of the following is true of government accountants in the United States?
A. They provide services such as tax preparation, external auditing, or management consulting to clients on a fee basis.
B. They help ensure that a nation's banks and other financial institutions comply with the rules and regulations controlling their behavior.
C. They perform a narrow set of accounting functions solely for federal government agencies.
D. They do not need to adhere to the generally accepted accounting principles.
Answer: B
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Lassen Corporation issued ten-year term bonds on January 1, 20x5, with a face value of $800,000. The face interest rate is 8 percent and interest is payable semi-annually on June 30 and December 31. The bonds were issued for $690,960 to yield an effective annual rate of 10 percent. The effective interest method of amortization is to be used. The entry on June 30, 20x5, to record the payment of
interest and amortization of discount is: A) Bond Interest Expense 32,000 Cash 32,000 B) Bond Interest Expense 34,548 Unamortized BondDiscount 2,548Cash 32,000 C) Bond Interest Expense 34,548 Cash 34,548 D) Bond Interest Expense 32,000 Unamortized BondDiscount 32,000
CRM firms focus on increasing their ________, not share of market
A) share of profit B) share of audience C) share of segment D) share of usage E) share of customers
In the case District of Columbia v. Heller referenced in the text, the U.S. Supreme Court invalidated DC's total ban on handguns
a. True b. False Indicate whether the statement is true or false
Allowing individuals to develop a sense of personal mastery is detrimental to organizational learning.
Answer the following statement true (T) or false (F)