If employees are bonded
A. it means that they are not allowed to handle cash
B. they have worked for the company for at least 10 years
C. They have been insured against misappropriation of assets
D. it is impossible for them to steal from the company
Answer: C. They have been insured against misappropriation of assets
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What is the optimal capital structure?
A) The capital structure that frees up the most cash flow B) The capital structure that makes management the most money C) The capital structure that produces the highest firm value D) The capital structure that keeps the most control within the company
When recording an impairment loss, the firm eliminates the balance in the accumulated depreciation or accumulated amortization account, and then reduces the asset account
Indicate whether the statement is true or false.