Which of the following is true regarding the investing activities of charitable organizations?
a. are not similar to business firms
b. acquire productive capacity (for example, buildings) to carry out their activities
c. issue common stock
d. issue bonds
e. issue preferred stock
B
You might also like to view...
What are the techniques that can be used to overcome people's natural resistance to price?
What consequence does an employer who does not comply with the Consolidated Omnibus Budget Reconciliation Act face?
A) The employer will go to jail for no more than 60 days and be required to pay 50 percent of the annual cost of benefits. B) The employer will go to jail for no more than 30 days and be required to pay 20 percent of the annual cost of benefits. C) The employer will be required to pay 10 percent of the annual cost of the group plan or $500,000, whichever is less. D) The employer will be required to pay 50 percent of the annual cost of the group plan or $100,000, whichever is less.
____ of the suggestions to reduce capital expenditures was considered
A) Every one B) Everyone C) Every-one
A company's accountant capitalized a payment that should have been recorded as a revenue expenditure. How will this error affect the company's financial statements?
A) Net income will be understated. B) Expenses will be overstated. C) Assets will be overstated. D) Liabilities will be overstated.