An agent must notify the principal of all material matters that come to his or her attention regarding the subject matter of the agency.

a. True

b. False

Why do economic decisions vary from person to person even under the same circumstances? A) The value of money is generic. B) Utility decreases differently for different people. C) Different people expect different returns.

Kaplan purchased 2500 shares of its own previously issued $10 par common stock for $62500. As a result of this event, a. Kaplan's Common Stock account decreased $25000. b. Kaplan's total stockholders' equity decreased $62500. c.

One of the most effective ways to improve organizational communication is to

Benson, Inc., has sales of $38,530, costs of $12,750, depreciation expense of $2,550, and interest expense of $1,850. The tax rate is 21 percent. What is the operating cash flow, or OCF?

Organisation cannot be successful if the manager fail to pay attention to the forces from the environment

A promissory note a. cannot be factored to another party. b. has the party to whom the money is due as the maker. c. may be used to settle an accounts receivable. d. is not a formal credit instrument.

Davison Company determined that the book basis of its net accounts receivable was less than thetax basis of its net accounts receivable by $800,000 due to a difference in the allowance for baddebts account.

Why do you think government bonds usually have a low risk of default?

Paying attention to the trends that might impact your future career is called what?

Sheila went to college to study accounting, and got her first entry-level job right after graduating. however, as she gained more experience at the law firm where she worked, she became more knowledgeable about tax law and decided to make a