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Peregrine Practice UPDATED Actual Exam Questions and CORRECT Answers

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Peregrine Practice UPDATED Actual Exam Questions and CORRECT Answers When a business erroneously records expenses as assets, it has violated the measurement issue of - CORRECT ANSWER- classification A dividend will reduce which of the following accounts? - CORRECT ANSWER- Retained Earnings ...

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  • September 24, 2024
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  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Peregrine
  • Peregrine
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MGRADES
Peregrine Practice UPDATED Actual
Exam Questions and CORRECT Answers
When a business erroneously records expenses as assets, it has violated the measurement
issue of - CORRECT ANSWER- ✔✔classification


A dividend will reduce which of the following accounts? - CORRECT ANSWER-
✔✔Retained Earnings



Lying by omission involves intentionally - CORRECT ANSWER- ✔✔withholding material
facts


Conflicts of interest exist when employees must choose whether to - CORRECT ANSWER-
✔✔advance their own interests, those of the organization, or those of some other group.



Which of the following statements is CORRECT? - CORRECT ANSWER- ✔✔c. Free cash
flow (FCF) is, essentially, the cash flow that is available for interest and dividends after the
company has made the investments in current and fixed assets that are necessary to sustain
ongoing operations.


A corporate bond currently yields 8.3%. Municipal bonds with the same risk, maturity, and
liquidity currently yield 5.5%. At what tax rate would investors be indifferent between the
two bonds? - CORRECT ANSWER- ✔✔33.73%


When the costs of supplies increase in an industry, the low-cost leader - CORRECT
ANSWER- ✔✔may be the only firm able to pay the higher prices and continue to earn
average or above- average returns


TQM is most helpful to firms following the ____ business strategy. - CORRECT ANSWER-
✔✔integrated cost-leadership differentiation


All of the following are considered extrinsic motivators in Herzberg's two-factor theory
EXCEPT: (c.) - CORRECT ANSWER- ✔✔a. company policies.
b. benefits.

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