The right of a stockholder to purchase additional shares in proportion to the owner's present holdings, if more shares are issued by the corporation, is known as a preemptive right
a. True
b. False
Indicate whether the statement is true or false
True
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What are fraud audits and why have they become more common?
Wyman Corporation uses a process costing system. The company manufactured certain goods at a cost of $800 and sold them on credit to Percy Corporation for $1,075. The complete journal entry to be made by Wyman at the time of this sale is:
A. Debit Accounts Receivable $1,075; credit Sales $1,075; debit Cost of Goods Sold $800; credit Finished Goods Inventory $800. B. Debit Accounts Receivable $1,075; credit Sales $275; credit Finished Goods Inventory $800. C. Debit Finished Goods Inventory $800; debit Sales $1,075; credit Accounts Receivable $1,075; credit Cost of Goods Sold $800. D. Debit Accounts Receivable $1,075; debit Selling expense $800; credit Sales $1,075; credit Cost of Goods Sold $800. E. Debit Cost of Goods Sold $1,075; credit Sales $1,075.
Product availability plays a major role in the purchase stage. If the highest-ranked product is unavailable, the consumer will most likely purchase the brand ranked second.
Answer the following statement true (T) or false (F)
______ numbers are defined as a sequence of numbers that are ______ distributed over a defined interval range, for which it is not possible to predict their future values based on their current or past values.
A. Rational; uniformly B. Rational; normally C. Random; uniformly D. Random; normally