The investment function of finance helps in _____.
A. making decisions regarding the dividends paid by a corporation
B. determining the expenses to be incurred to ensure that the behavior of an investment corporation is socially acceptable
C. determining the values, risks, and returns associated with such financial assets as stocks and bonds
D. ensuring that 50 percent of all investments in a portfolio are in environment-friendly corporations
E. ensuring that the corporations payout maximum dividends per share
Answer: C
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Which one of the following procedures is incorrect for setting up and maintaining a petty cash fund?
a. A check is prepared for a fixed amount; when the check is cashed, the money is entrusted to a petty cash custodian. b. An entry is recorded to establish the fund and obtain the cash. c. When appropriate documentation is presented, cash payments are made from the fund; the petty cash custodian retains the documentation. d. When the petty cash fund is replenished, an entry is recorded to recognize an increase in the petty cash account.
A spreadsheet assists a user in managing numeric information and creating charts
Indicate whether the statement is true or false
Ethics helps us turn our values into action
Indicate whether the statement is true or false.
The adjusting entry to account for the expiration of prepaid advertising consists of:
A. a debit to Advertising Expense and a credit to Accumulated Depreciation. B. a debit to Advertising Expense and a credit to Prepaid Advertising. C. a debit to Prepaid Advertising and a credit to Accumulated Depreciation. D. a debit to Prepaid Advertising and a credit to Advertising Expense.