The objective of an assignment problem solution most often is to minimize the total costs or time of performing the assigned tasks
Indicate whether the statement is true or false
TRUE
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On January 2, 2014 the board of directors of Moorehaven Mining Corporation declared a cash dividend of $1,200,000 to stockholders of record on January 18, 2014, and payable on February 10, 2014 . The dividend is permissible by law in Moorehaven's state of incorporation. Selected data from Moorehaven's December 31 . 2013 . balance sheet follow: Accumulated depletion
................................. $ 200,000 Capital stock ......................................... 1,100,000 Additional paid-in capital ............................ 800,000 Retained earnings ..................................... 500,000 The $1,200,000 dividend includes a liquidating dividend of a. $800,000. b. $700,000. c. $600,000. d. $200,000.
In the Carter v. Tokai Financial Services, Inc case, the agreement was found to:
a. fit within the definition of a secured transaction. b. be governed by UCC Article 9. c. be for an initial term of five years, which ARC had an option to renew for nominal consideration. d. be a true finance lease.
What is the purpose of companies such as A.M. Best, Moody's and Standard & Poor's?
A) They sell life insurance directly to consumers without agents. B) They evaluate and rate the financial stability of the insurance industry. C) They provide reinsurance coverage to the insurance industry. D) They sell low cost term insurance via the Internet.
Some assets don't seem to fit neatly into any category so accountants created a category called "other." Which asset would considered an other asset?
A. Land B. Machinery C. Contingency funds D. Goodwill