Incorporators are required to sign the charter, deliver it to the proper state officials, and purchase a certain percentage of the initial stock offering
a. True
b. False
Indicate whether the statement is true or false
False
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Bella's Inc has estimated the demand and costs associated with alternative prices. It has finally chosen to price its new offering in such a way that it will maximize the rate of return on investment
What can be deduced about the company's objective?
Chiclet Company decides at the beginning of 2014 to adopt the FIFO method of inventory valuation. The company had been using the LIFO method for financial and tax reporting since it inception on January 1 . 2012 . The profit-sharing agreement was in place for all years prior to the year of change, 2014 . Payments under this agreement are not an inventoriable cost. Which of the following
statements regarding the accounting for the profit-sharing agreement in connection with the change from LIFO to FIFO is correct? a. The effects of the change in accounting principle on the profit-sharing agreement must be treated retrospectively. b. The effects of the change in accounting principle on the profit-sharing agreement should be reported only in the period in which the change in accounting principle was made. c. It would be impracticable to determine the effect on the profit-sharing agreement as a result of the change in accounting principle. d. There would be no effect on the profit-sharing agreement as a result of the change in accounting principle.
Which of the following is NOT true of judicial review?
What will be an ideal response?
First movers in an industry often capture above-average profits but usually find it difficult to maintain early market share gains.
Answer the following statement true (T) or false (F)