The 2002 law that established the Public Company Accounting Oversight Board (PCAOB) was called ________. A) the McCain-Feingold Act B) the Harkins-Oxley Act C) the Sarbanes-Harkins Act D) the Sarbanes-Oxley Act ANSWER D
Date: September 19th, 2020
The Public Company Accounting Oversight Board (PCAOB) ________. A) is a not-for-profit corporation that oversees auditors of public corporations B) is a not-for-profit corporation that oversees managers of public corporations C) is a for-profit corporation that oversees auditors of public corporations D) is a for-profit corporation that oversees managers of public corporations ANSWER […]
Date: September 19th, 2020
An interest rate or a required rate of return represents the cost of money. Indicate whether the statement is true or false ANSWER TRUE
Date: September 19th, 2020
Longer the maturity of a Treasury security, the smaller the interest rate risk. Indicate whether the statement is true or false ANSWER FALSE
Date: September 19th, 2020
The statement of cash flows reconciles the net income earned during a given year, and any cash dividends paid, with the change in retained earnings between the start and end of that year. Indicate whether the statement is true or false ANSWER FALSE
Date: September 19th, 2020
The stockholder’s report includes ________. A) an estimated interest cost report B) an estimated dividend report C) a break-even sales report D) a statement of retained earnings ANSWER D
Date: September 19th, 2020
The original price per share received by the firm on a single issue of common stock is equal to the sum of the common stock and paid-in capital in excess of par accounts divided by the number of shares outstanding. Indicate whether the statement is true or false ANSWER TRUE
Date: September 19th, 2020
A real rate of interest is the compensation paid by the borrower of funds to the lender. Indicate whether the statement is true or false ANSWER FALSE
Date: September 19th, 2020
The statement of cash flows provides insight into a firm’s operating, investment, and financing cash flows and reconciles them with changes in its cash and marketable securities during the period of concern. Indicate whether the statement is true or false ANSWER TRUE
Date: September 19th, 2020
Total assets less net fixed assets equals ________. A) gross assets B) current assets C) depreciation D) liabilities and equity ANSWER B
Date: September 19th, 2020
