Bus/475 Final Exam Part 2 2016 Essay

1415 Words Apr 1st, 2016 6 Pages
BUS/475 Capstone Final Examination Part 2 (47/50)
1. Which of the following is not a current liability on December 31, 2014?
• A lawsuit judgment to be decided on January 10,2015

2. Continuous monitoring, in the contemporary approach, is beneficial because_____________.
• It reduces time lags

3. The acquisition of treasury stock by a corporation:
• decreases its total assets and total stockholders’ equity.

4. You work in marketing for a company that produces work boots. Quality control has sent you a memo detailing the length of time before the boots wear out under heavy use. They find that the boots wear out in an average of 208 days, but the exact amount of time varies, following a normal distribution with a standard
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The resource-based view (RBV) of the firm combines two perspectives:
• the internal analysis of the firm and the external analysis of the industry and competitive environment

15. Sarbanes Oxley applies to:
• U.S companies but not international companies.

16. Is it possible for a data set to have no mode?
• Yes, if there are no observations that occur more than once

17. Under the accrual basis of accounting:
• events that change a company's financial statements are recognized in the period they occur rather than in the period in which cash is paid or received.

18. Which trial balance will consist of the greatest number of accounts?
• Adjusted trial balance

19. Vertical analysis is a technique that expresses each item in a financial statement:
• as a percent of a base amount.

20. Cost allocation of an intangible asset is referred to as:
• amortization

21. According to the text, the triple bottom line approach to corporate accounting includes three components:
• financial, environmental, and social

22. An analyst believes the probability that U.S. stock returns exceed long-term corporate bond returns over a 5-year period is based on personal assessment. This type of probability is best characterized as a(n) ____________.
• Subjective probability

23. Green, Inc. had 200,000 shares of common stock outstanding before a stock split occurred and 800,000 shares outstanding after the stock split. The stock split