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NEW QUESTION: 1
Which of the following transactions represents an owner's equity transaction for a company?
A. A repurchase of a company's own stock
B. A purchase of a building paid in cash
C. The purchase of shares in a company that's also a supplier
D. An in-kind payment for services received
Answer: A

NEW QUESTION: 2
What are two key advantages of leasing storage equipment over buying storage equipment? (Choose two.)
A. Leasing rates automatically reduce over time.
B. Leasing eliminates the risk of ownership for the client.
C. Leasing ensure business continuity for leased equipment.
D. Leasing improves the alignment of project cost with project benefits.
E. Leasing provides the best discount for a special bid offering.
Answer: B,D

NEW QUESTION: 3
You are the project manager at a large accounting firm in the United States. Throughout the year your firm provides both consulting services and accounting/ auditing services to
XYZ Widgets, Inc, a publicly traded company listed on the New York Stock Exchange. Currently, your project involves auditing the financial statements of XYZ Widgets Inc, in preparation for the annual shareholders/ investors meeting. While your team is in the midst of project execution, you are informed that your project is due to new SEC regulations. Specifically, a new SEC regulation prohibits accounting firms from providing both consulting services and auditing services to a client, due to potential conflicts of interest that could arise from such business relationships. Hence your project is cancelled and your project team consisting of accountants and auditors are taken off your project and reassigned to another project. Which of the following type of project ending is this considered?
A. Addition
B. Integration
C. Cancelled
D. Starvation
E. Extinction
Answer: B

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