1. Which of the following is true with respect to the separate legal entity characteristic of incorporation?
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Mary has prepared the following list of statements about managerial accounting and financial accounting.

1. Financial accounting focuses on providing information to internal users.

2. Analyzing cost-volume-profit relationships is part of managerial accounting.

3. Preparation of budgets is part of financial accounting.

4. Managerial accounting applies only to merchandising and manufacturing companies.

5. Both managerial accounting and financial accounting deal with many of the same economic events.

6. Managerial accounting reports are prepared only quarterly and annually.

7. Financial accounting reports are general-purpose reports.

8. Managerial accounting reports pertain to subunits of the business.

9. Managerial accounting reports must comply with generally accepted accounting principles.

10. Although managerial accountants are expected to behave ethically, there is no code of ethical standards for managerial accountants.


Identify each statement as true or false. If false, indicate how to correct the statement.


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Question 26 2.5 pts "Pre-departure personnel training, offering equity/debt and forming partnerships with local companies and governmental agencies, pretending to be local, lobbying, supporting the right politicians are examples of practices " O aimed at minimizing political risk O of doing business in common law countries O of doing business in theocratic law countries O of doing business in civil law countries O of doing business in totalitarian countries

Question 38 (1 point) Along a microtubule kinesin travels towards the positive end. Okinesin travel towards the negative end. O dynein travels towards the positive end. Odynein travels towards the negative end. O a and d are both correct. Question 39 (1 point) Kinesin is O one heavy chain and one light chain. two heavy chains and two light chains. O one heavy chain, one intermediate chain, and one light chain. O two heavy chains, two intermediate chains, and two light chains.

QUESTION 9 What areas of the legal environment of business are covered by treaties? O Product safety O Intellectual property rights O Human rights and global security Competition law QUESTION 10 Businesses tend to see law in a negative light because: The law creates obligations for society as a whole The law levels the playing field between companies The law constrains business activities The law allows businesses to be eligible for public funding

1. Which of the following is true with respect to the separate legal entity characteristic of incorporation? E Shareholders are only exposed to liability if the court "lifts the corporate veil". b. It protects shareholders from liability in all circumstances. C. The purchase and sale of shares can be completed without interfering with the operation of the business. d. It is irrelevant for the purpose of taxation. e. As a corporation is not a natural person, it cannot be convicted of a crime.

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