Which of the following statements is false?
a. Checks and deposit slips are the main source of documents backing up the bank statement.
b. Retailers use cash register tapes to recognize sales.
c. Stock certificates are evidence of being a creditor of the company.
d. Time cards are used as the source of information to record wages.
c
Business
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Another term describing an estate of inheritance or a perpetual estate:
a. an estate for years b. a fee simple c. a life estate d. an estate at will
Business
If the European subsidiary of a U.S. firm has net exposed assets of €200,000, and the euro increases in value from $1.22/€ to $1.26/€ the U.S. firm has a translation:
A) gain of $8,000. B) loss of $8,000. C) gain of $252,000. D) loss of €252,000.
Business