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NEW QUESTION: 1
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C. Maintenance version
D. Standard mode
E. Test version
Answer: A,C
NEW QUESTION: 2
Bubba holds 200 shares of common stock in a utility company and receives rights to subscribe to an additional 100 shares at $20. The utility company is raising $40 million of new capital.
How many rights does Bubba receive?
A. 0
B. 1
C. 2
D. 3
Answer: A
Explanation:
Explanation/Reference:
Explanation: 200. In an issue of rights, there is always one right per share. Bubba owns 200 shares and thus receives the same number of rights.
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It would be appropriate for an internal audit activity to use consultants with expertise in health-care benefits when the internal audit activity is:
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III. Training its staff to conduct an audit of health care costs in a major division of the organization.
A. I, II, and III.
B. I only
C. I and III only
D. II and III only
Answer: A
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