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2. Fraudulent financial reporting can result from the misapplication of accounting principles.
3. Criminal penalties cannot be imposed on those who prepare fraudulent financial statements.
4. The Sarbanes-Oxley Act orders the FASB to hold chief executives and CFOs responsible for the
accuracy of their company's financial statements.
5. Responsibility for ethical financial reporting rests solely with the accountant.
© 2011 Cengage Learning. All Rights Reserved. This edition is intended for use outside of the U.S. only, with content that may be different
from the U.S. Edition. May not be scanned, copied, duplicated, or posted to a publicly accessible website, in whole or in part.
12. A company's management information system is a subsystem of its accounting information system.
13. The modern definition of accounting focuses on the role of accounting in making economic decisions
rather than on how to do accounting.
14. Two major goals of business are to achieve profitability and to achieve liquidity.
15. Liquidity means having enough funds on hand to pay debts when they fall due.
19. Buying and selling goods and services are examples of operating activities.
20. A major function of management is to provide the accountant with relevant and useful information.
22. The primary external users of accounting information are investors and creditors.
23. The Securities and Exchange Commission is an accounting information user with a direct financial
interest.
24. Taxing authorities are considered accounting information users with an indirect financial interest.
25. Creditors are those who lend money to others or deliver goods and services before being paid.
© 2011 Cengage Learning. All Rights Reserved. This edition is intended for use outside of the U.S. only, with content that may be different
from the U.S. Edition. May not be scanned, copied, duplicated, or posted to a publicly accessible website, in whole or in part.
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It was some moments before Polly could speak, then the words came in
gasps.
"What?"
"Yes; yes, she's dead; and the moon is shining on 'em both."
Gwen appalled at the news, opened the door and looked in. But what she saw
was so wonderful and beautiful that all horror subsided. Rachel was kneeling
by the bed on which Luke lay, her cheek resting on his dead hand and a smile
of rapture on her face. The moonlight was streaming into the room from the
open window on to the faces of husband and wife. Once more they were
together in its pathway as they had been on that evening on the sea at
Southwold, but now they were unconscious of it, as they were together in the
city that has no need of the sun neither the moon to shine in it, for the glory of
God did lighten it and the Lamb is the Light thereof.
When the villagers heard that Rachel had died of heart failure on the same
day as her husband they mourned and wept. So young, they said, to die! Two
valuable lives given for the sake of a poor sick baby of a drunken woman!
What a waste of life!
But the Bishop, who came to preach the funeral sermon, said, "It was one of
the most beautiful things of which he had ever heard, and he felt that instead
of mourning and weeping, there should be flowers and singing. Two happy
saints treading together the streets of gold! No long parting! No farewells! The
Rector," he told the people, "could hardly have had time to reach the gates of
Heaven before he was joined by his wife. What could be more joyful for them!"
"But," he added, and with evident emotion, "when we look at it from our own
point of view, we cannot help tears. Did not our blessed Lord weep at the
tomb of Lazarus? It is not wrong to weep; but in thinking of our loss, we must
not forget their gain; for they were lovely and pleasant in their lives and in their
death they were not divided!"
THE END.
*** END OF THE PROJECT GUTENBERG EBOOK LUKE'S WIFE
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