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NEW QUESTION: 1
When a file is deleted in the FAT file system, what happens to the filename?
A. It is wiped from the directory.
B. It is zeroed out.
C. The first character of the directory entry is marked with a hex 00.
D. The first character of the directory entry is marked with a hex E5.
Answer: D
NEW QUESTION: 2
How do corporations fund business operations?
A. Government subsidies
B. Investments by partners
C. Sale of stock
D. Bank loans
Answer: C
Explanation:
Explanation: Corporations fund business operations through the sale of stock. The purchasers of the stock are known as shareholders, and they are the ultimate owners of the corporation. They appoint a board of directors, which oversees the daytoday managers of the corporation. When a corporation is successful, shareholders are paid dividends. When a corporation is unsuccessful, the value of stock shares may plummet.
NEW QUESTION: 3
Assuming all of the following involve material amounts, which is most likely to be classified as an extraordinary item in the income statement?
A. None of the above.
B. A loss because of an expropriation of assets by a foreign government.
C. A gain because of the disposal of assets associated with a discontinuing operation of a business.
D. A loss because of adjustments of accruals on long-term contracts.
Answer: A
Explanation:
According to IAS 1, An entity shall not present any items of income and expense as extraordinary items, either on the face of the income statement or in the notes."