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1. A firm's independent auditors have the responsibility to:
a. assess the firm's accounting policies.
b. ascertain the firm's profit potential.
c. uncover all fraudulent activities.
2. A firm's cash dividends were $3.96 per share of common stock for calendar 2008. In 2009 the stock was split 3 for 1, and in 2010 a 10% stock dividend was issued. Dividends per share for 2008, to be reported in the firm's annual report for 2010, are:a. $3.96b. $1.32c. $1.20
3. Business segment information is included in the explanatory notes to financial statements because:a. the amounts shown on the financial statements of most companies are just too large to comprehend.b. current and potential investors can make more informed judgments about the company.c. net income from various geographic areas can be clearly determined.
4. For 2008, Skresso Co. reported $3.64 of earnings per share of common stock. During 2009 the firm had a 4% common stock dividend. 2008 earnings per share to be reported in the annual report for 2009 are:a. $3.64b. $3.50c. $3.49
5. Management's statement of responsibility:a. usually refers to the company's system of internal controls.b. emphasizes that the auditors are responsible for the financial statements.c. gives the president of the company an opportunity to explain why profits changed.
I am part of a marketing group, and we are working on a project for a local cable company,they currently serve 3,200 customers and sell 50 wireless boxes a month,what I need to do
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Cascade Water Company (CWC) currently has 30 000 shares of common stock outstanding, trading at a price of R42 per share.
What are the features of performance budgeting The main features of performance budgeting are: a) Classification into functions activities or programmers. b) Specifyi
Accounting Method is the method by which income and expenses are accounted for taxation purposes. The Internal Revenue Service needs taxpayers to select an accounting method that p
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