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NEW QUESTION: 1
When a file is deleted in the FAT file system, what happens to the filename?
A. The first character of the directory entry is marked with a hex 00.
B. The first character of the directory entry is marked with a hex E5.
C. It is wiped from the directory.
D. It is zeroed out.
Answer: B
NEW QUESTION: 2
How do corporations fund business operations?
A. Investments by partners
B. Government subsidies
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 loss because of adjustments of accruals on long-term contracts.
D. A gain because of the disposal of assets associated with a discontinuing operation of a business.
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."