Explain the difference between a title fly and a title page
What will be an ideal response?
Answer: The title fly is simply a plain sheet of paper with only the title of the report on it. The title page, however, includes the title; the name, title, and address of whoever authorized the report; the name, title, and address of the person who prepared the report; and the date the report was submitted.
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Which arrangement represents a long-term company-wide incentive plan that provides employees with the option to purchase ownership in the company?
A) employee stock option plans B) company equality awards C) profit sharing plans D) gain sharing plans
AFB, Inc requires an investment in equipment of $600,000 to replace existing equipment. The
existing equipment will produce after-tax salvage value of $70,000. Net working capital requirements are increased by $50,000. What is the total cash outflow at time zero? A) $580,000 B) $650,000 C) $720,000 D) $530,000