Under the principle of comity, all foreign governments are subject to all U.S. laws
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following statements is true with regard to contributed capital?
a. Preferred stock is stock that has been retired. b. It is very unlikely corporations may have more than one class of stock outstanding. c. The outstanding number of shares is the maximum number of shares that can be issued by a corporation. d. The shares that are in the hands of the stockholders are said to be outstanding.
______________ are conflicts between two or more morally unpleasant alternatives.
a. Social quandary b. Ethical dilemmas c. Ethical quandary d. Moral dilemmas
A contract called for 156,000 square feet of tile to be installed in a new building. If 12,000 square feet were installed the first week, what percent of the job has been completed? (Round to the nearest tenth of a percent)
Closing entries:
A. summarize the activity in every account. B. reduce the number of permanent accounts. C. cause the revenue and expense accounts to have zero balances. D. are prepared before financial statements are prepared.