The economic entity assumption states that the economic life of a business can be divided into artificial time periods.

A. True

B. False

What does the sarbanes-oxley act of 2002 "require the ceo and cfo to do"?

For purposes of determining current E&P, which of the following items cannot be deducted in the year incurred? A. dividendsminus-received deduction B. charitable contribution in excess of the 10% limitation C.

Two employers pay a wage of $10 an hour. Employer A is a monopsony while Employer B hires in a competitive labor market. Both firms sell their output in competitive markets.

Dexter Company uses the direct write-off method. March 11 Dexter determines that it cannot collect $9,100 of its accounts receivable from Leer Co. 29 Leer Co. unexpectedly pays its account in full to Dexter Company.

Which of the following is most likely the best rationale for unrelated diversification? A. risk reduction by spreading the company's investments over a set of diverse industries B. managerial motives including the prospects for higher compensation C.

A. Assume that the risk-free rate is 8 percent, the required rate of return on the market (or an average-risk stock) is 13 percent, and the required rate of return on Acme Healthcare stock is 15 percent.

taxes: a. are unlikely to affect market supply and demand b. are copmulsory payments to governments c. never affect efficiency in the allocation of resourcesd. are voluntary payments to governments

Mycenaean Greece became more powerful after a. creating trade networks with Egypt b. war with Persia. c. destruction of Crete d. political consolidation in. the Dark Ages

An increase in the reserve requirement increases reserves and decreases the money supply. a. true b. false

Tom oversees the logistics department for a holiday resort in Virginia. He has created a plan to bring in customers directly from Asian countries. He wants to sell holiday packages to these customers.