Only through its agents can a corporation function and enter into contracts.
Answer the following statement true (T) or false (F)
True
You might also like to view...
Interest is capitalized when incurred in connection with the construction of plant assets because
a. interest is considered a part of the acquisition cost of the related plant asset. b. the decision to purchase a plant asset is a business decision separate from the financing decision. c. many plant assets last longer than 20 years. d. interest is considered an expense of the period.
A bond is issued at a discount when a bond's stated interest rate is ________.
A) equal to the market interest rate B) more than the effective interest rate C) less than the market interest rate D) more than the market interest rate
Baby boomers ________
A) were born between 1965 and 1978 B) are currently in their 30s and 40s C) are important to marketers because of the size and wealth of the segment D) are 75 or older E) are the parents of Generation X, not Generation Y
Which of the following describes the return on assets ratio?
a. Average total assets divided by net income b. Net income plus income tax expense divided by average total assets c. Average total assets divided by net sales d. Net income divided by average total assets