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1. Which of the following is not one of the functions of the Securities and Exchange Commission? a. Providing government-backed insurance to purchasers of securities. b. Bringing enforcement actions against suspected violators of securities laws. c. Regulating securities brokers and advisors. d. Investigating securities violations. e. Adopting rules to further the functions of the securities laws.
2. Which of the following is not an advantage of franchising? a.Consumers are assured of uniform product quality. b. The franchisor gets major tax advantages. c. The franchisee has access to the franchisor's knowledge and resources. d. The franchisor can reach new markets.
3. Under the National Pollutant Discharge Elimination System: a. old permits to discharge pollutants into water are being phased out. b. permits to discharge pollutants into water can be bought, sold, or traded. c. permits are granted by the EPA to discharge pollutants in water. d. no new permits are granted to discharge pollutants into water.
4. Based on duration, all LLCs can be classified as either: a. short-term or long-term. b. determined-length or undetermined-length. c. fixed-length or variable-length. d. term or at-will. e. self-determined or statute-determined.
5. Administrative agencies are often informally referred to as: a. Courts of no resort. b. The Mini Congress. c. The constitutional aberration. d. The fourth branch government. e. The rule-mongers.
If the selling prices of finished products Y and Z remain constant, the percentage of the total joint costs allocated to product Y and product Z would
Bowman Company reported translation adjustments in its stockholders' equity section of $2,000,000. Such adjustments were added to the other items disclosed in Bowman's stockholders' equity.
Explain the product and the production process. Describe how you would find out the quantity of spoiled units that are normal versus abnormal. Explain how you would determine the cost of good units, normal spoilage and abnormal spoilage.
Make journal entries to record the issuance of 100,000 shares of common stock at $20 per share for each of the following independent cases
Write down an essay on legal issues surrounding Solyndra, the California based solar panel manufacturer.
How much income must Dave report for the tax year and what is the character of the income? What is Dave's basis in his partnership interest at the end of the tax year?
Provide the fund level entries in general journal form required to conform to generally accepted accounting principles. If no entry is needed, so indicate.
Determine that the financial statements present fairly in accordance with generally accepted accounting principles.
Distinguish between liquidity and profitability.
The governing body of the Order decided that it was no longer feasible to operate the convent, which had been built about sixty years ago, so it was advertised locally for sale.
As Jonah wades through huge piles of the inventory and questions the team on operations, he quickly identifies the problem. Which of the implemented methods above does Jonah contribute to stacks of inventory?
Shue withdrew $240,000 as withdrawals and contributed equipment valued at $50,000 to the partnership. What was the net income of the Financial Brokers Partnership for 2008?
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