Name: Use the following information for the next two questions. Napier Co. provided the following information on selected transactions during 2013: Purchase of land by issuing bonds $500‚000 Proceeds from issuing bonds 1‚000‚000 Purchases of inventory 1‚900‚000 Purchases of treasury stock 300‚000 Loans made to affiliated corporations 700‚000 Dividends paid to preferred stockholders 200‚000 Proceeds from issuing preferred stock 800‚000 Proceeds from sale of equipment 100‚000 1. The net
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1. A shareholder in a professional corporation can be liable for malpractice arising from the rendering of professional services. (Points : 2) True 2. Jay tells Kim that he will buy her textbook from the last semester for $80. Kim agrees. Jay and Kim have (Points : 2) an express contract. 3. Barb allows Candy to enter Barb ’s warehouse and take a DVD player. Charged with theft‚ Candy can successfully claim‚ as a defense‚ (Points : 2) consent. 4. The U.S. Congress enacts a new federal statute that
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1. Which of the following is not a subject in an access control scenario? b. Information 2. Which of the following are the elements of a well-defined access control system? d. Policy‚ procedure‚ and tool 3. Which of the following statements best define the purpose of access control? a. Regulating interaction between a subject and an object 4. Which of the following components can be used to measure the confidence in any authentication system? d. Type of correlation and the number of authentication
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Q1 How serious is the threat of DJC to American Connector Company? Answer - The threat of DJC to American Connector Company is very high. Following are the reasons: Ø If DJC sets up manufacturing base in USA‚ as per the exhibit 7 and exhibit 8 the raw material cost for DJC in USA will drastically reduce. Current Raw material product and packaging cost is 14.89 which will reduce to 8.93 in USA.As the raw material cost is almost half of the total finished goods cost‚ the raw material cost reduction
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Ethics Case Study Dien Huynh University of Phoenix ACC/557 Accounting Ethics Instructor: MICHELE SCOTT 11/16/2012 Ethics Case Study The case study of Lillian Fok‚ Sandra Hartman and Kern Kwong in 2010 about differences and similarities in business ethical values has been done to examine ethical values that underlie business decisions in the U.S.‚ China‚ and Jamaica. China transforms from a socialist based‚ command economy to a free market economy. Because of the transformation
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Multiple Choice Question 49 Which of the following is an advantage of corporations relative to partnerships and sole proprietorships? Harder to transfer ownership. Lower taxes. Most common form of organization. Reduced legal liability for investors. Multiple Choice Question 64 The group of users of accounting information charged with achieving the goals of the business is its creditors. investors. managers. auditors. Multiple Choice Question 110 Which of the following financial
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Sample ‘short answer’ questions for Lecture Exam 4 (Final Exam) (1) Briefly describe the meninges and spaces that surround the spinal cord. Meningeal Branch: Tiny‚ reenters vertebral canal‚ innervates meninges and blood vessels (2) Distinguish among exteroceptors‚ interoceptors and proprioceptors. Exteroceptors: Respond to stimuli arising outside body Receptors in the skin for touch‚ pressure‚ pain‚ and temperature Most special sense organs (vision‚ hearing‚ equilibrium‚ taste‚ smell) Interoceptors:
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Multiple Choice 1. The person MOST likely to use management accounting information is a(n): A. banker evaluating a credit application B. Shareholder evaluating a stock investment C. Governmental taxing authority D. Assembly department supervisor 2. Management accounting A. focuses on estimating future revenues‚ costs‚ and other measures to forecast activities and their results. B. provides information about the company as a whole. C. reports
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Chapter 6: Master Budget and Responsibility Accounting A budget is the quantitive expression of a proposed plan of action by management for a specified period Also to aid to coordinate what needs to be done to implement that plan A financial budget quantifies managers’ expectations regarding a company’s income‚ cash flows‚ and financial position Strategy specifies how an organization matches it capabilities with the opportunities in the marketplace to accomplish its objectives Stratigic plans are
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1) Which of the following statements is true? D. A Management Discussion and Analysis section is required in annual reports to shareholders even when financial results are positive. 2) Notes to the financial statements include which of the following: A. An independent auditors report. 3) Which of the following financial statements is divided into major categories of operating‚ investing‚ and financing activities? D. The statement of cash flows. 4) If the retained earnings account increases from
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