BUS/475 Capstone Final Examination Part 2 (47/50)

1. Which of the following is not a current liability on December 31, 2014? A lawsuit judgment to be decided on January 10,2015 A Note Payable due December 31 2015 Accrued salaries payable from 2014 An Accounts Payable due January 31,2015

2. Continuous monitoring, in the contemporary approach, is beneficial because_____. it increases the time it takes to detect changes in the competitive environment organization response time is increased organizational flexibility is reduced It reduces time lags

3. The acquisition of treasury stock by a corporation: requires that a gain or loss be recognized on the income statement. increases its total assets and total stockholders equity. has no effect on total assets and total...