The bylaws of a corporation must be filed with a government official.
Answer the following statement true (T) or false (F)
False
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Which of the following statements is true regarding extraordinary items on the income statement?
a. U.S. GAAP prohibits the presentation of extraordinary items on the income statement. b. IFRS prohibits the presentation of extraordinary items on the income statement. c. U.S. GAAP allows extraordinary gains and losses on the balance sheet. d. IFRS allows the classification of gains and losses on the income statement as extraordinary as long as long as they are both unusual in nature and infrequent in occurrence.
A buyer of $5,000 in merchandise inventory does not take advantage of a supplier's credit terms of 2/10, n/30, and instead pays the invoice in full at the end of 30 days. The buyer will pay $4,900.
Answer the following statement true (T) or false (F)
Marwick Corporation issues 8%, 5-year bonds with a par value of $1,000,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 6%. What is the bond's issue (selling) price, assuming the following Present Value factors:n= i= Present Value of an Annuity Present value of $15 8% 3.9927 0.680610 4% 8.1109 0.67565 6% 4.2124 0.747310 3% 8.5302 0.7441
A. $1,000,000 B. $658,792 C. $1,085,308 D. $1,341,208 E. $789,244
The market price of Shaw Corporation's common stock is $47.50. Shaw declared and paid cash dividends of $3.28 per share and had earnings per share of $6.89. The Dividend yield ratio is:
A. 7.4%. B. 144.8%. C. 6.9%. D. 14.5%. E. 6.5%.