BUS 475 Capstone Final Examination Part 2 2017 Questions and Answers
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01. Which of the following is not a current liability on December 31, 2014?<br />
• A lawsuit judgment to be decided on January 10,2015<br />
• A Note Payable due December 31 2015<br />
• Accrued salaries payable from 2014<br />
• An Accounts Payable due January 31,2015<br />
02. Continuous monitoring, in the contemporary approach, is beneficial because_____________.<br />
• it increases the time it takes to detect changes in the competitive environment<br />
• organization response time is increased<br />
• organizational flexibility is reduced<br />
• It reduces time lags<br />
03. The acquisition of treasury stock by a corporation:<br />
• requires that a gain or loss be recognized on the income statement.<br />
• increases its total assets <strong>and</strong> total stockholders’ equity.<br />
• has no effect on total assets <strong>and</strong> total stockholders’ equity.<br />
• decreases its total assets <strong>and</strong> total stockholders’ equity.<br />
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