In personam jurisdiction means that a court may hear cases involving:
a. people physically present in the court's territory.
b. businesses that have minimum contacts with the state in which the court is located.
c. property located within the court's geographical boundaries.
d. Both a and b
d
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The auditor performs substantive procedures related to property, plant and equipment to determine if the assets have been pledged as collateral or title has transferred. What is the primary assertion the auditor is testing?
a. Valuation. b. Rights. c. Completeness. d. Existence.
Which of the following is not true regarding the Basel 2 proposal to reform the original 1988 Basel Accord?
A) It attempts to link capital requirements more closely to actual risk by expanding the number of risk categories. B) It focuses on assessing the quality of risk management in banking institutions. C) It attempts to improve market discipline by requiring increased disclosure of pertinent information about banks. D) It has been well received by banks and national regulatory agencies.
The two main debt-financing options are ________
a. bonds and factoring b. bank loans and bonds c. stocks and retained earnings d. bank loans and pledging
The following information relates to the Cutting Department of Kittina Corporation for the month of February. Kittina uses a FIFO process costing system. All materials at Kittina are added at the beginning of the production process. UnitsPercent Complete Conversion costsWork in process, February 118,00010%Units started into production160,000 Work in process, February 287,00040% On February 1, the work in process inventory account contained $55,620 of material cost and $123,120 of conversion cost. Cost per equivalent unit for February was $3.10 for materials and $7.50 for conversion costs.What total amount of cost should be assigned to the units completed and transferred out during February?
A. $1,814,040 B. $1,922,040 C. $1,812,600 D. $1,743,300