The market price of Friden Company's common stock increased from $15 to $18. Earnings per share of common stock remained unchanged. The company's price-earnings ratio would:
A. impossible to determine.
B. decrease.
C. increase.
D. remain unchanged.
Answer: C
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Which of the following statements is true concerning external users of financial information?
a. External users need detailed records of the business to make informed decisions. b. External users are primarily responsible for the preparation of financial statements. c. External users rely on the financial statements to help make informed decisions. d. External users rely on management to tell them whether the company is a good investment
A customer intended to order 100 units of a product A, but incorrectly ordered nonexistent product B. Which of the following controls most likely would detect this error?
A. Record count B. Hash total C. Validity check D. Parity check
Which of the following is/are true?
a. Stock rights give their holder the right to acquire shares of stock at a specified price. b. Firms grant stock rights to current shareholders. c. Shareholders may exercise the stock rights or sell them to others. d. The stock rights usually trade in public markets. e. all of the above
Which of the following represents the best business writing?
A) This e-mail message is to inform you that the CEO will be visiting our branch tomorrow. B) The CEO will be visiting our branch tomorrow. C) You should be aware that the CEO will be visiting our branch tomorrow. D) The CEO will be visiting our branch tomorrow for a period of three hours.