_____ are programs that carry out repetitive tasks and can be programmed to make decisions based on specified conditions

How does the lack of global accounting standards affect U.S.-based companies?

A) Unethical U.S. companies will use whichever standard creates the most benefit for them. B) Using standards in countries where they do business allows for greater opportunity in the international market. C) Reporting performance in a variety of consolidated statements for global affiliates will minimize understanding, thereby minimizing attempted leveraged buyouts. D) There may be inconsistent and conflicting information that create confusion for stakeholders. E) Assets can be values according to one standards, revenue and debt according to other standards, in an overall goal of presenting positive performance levels.

Which of the following is true of bonds?

A) Bonds are liabilities of the issuer. B) Individuals investing in bonds receive dividends. C) Bonds cannot be purchased or sold prior to maturity. D) Income from bonds varies every year. E) The principal invested in bonds is not returned at the time of maturity.