Corporations utilize external financing either because they do not have sufficient earnings to
reinvest or they want to rebalance their capital structures.
Indicate whether the statement is true or false
TRUE
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A key to website effectiveness is recognition and connections.
Answer the following statement true (T) or false (F)
Kassim Company purchased an asset by paying $35,000 cash and giving the seller its 3-year note for $240,000. Which of the following statements is true?
A. Kassim's book basis and tax basis in the asset is $35,000. B. Kassim's book basis is $275,000, but its tax basis is $35,000. C. If Kassim is a cash basis taxpayer, its initial tax basis in the asset is zero. D. Kassim's book basis and tax basis in the asset is $275,000.
Which of the following is a correct statement about the nature of equipment?
A. While equipment is an asset, its use is recorded as affects Common Stock. B. While equipment is an asset, its use is recorded as an expense. C. Equipment and its use both affect liabilities. D. While equipment is an asset, its use is recorded as a liability.
Which of the following is not an assumption made in regression analysis?
A) The parameters of the regression equation are linear. B) The values of successive observations are correlated. C) The errors for each individual value of x are normally distributed. D) Variation about the regression line is constant for all values of the independent variable.