Sole proprietors can access two sources of capital-personal contributions from the entrepreneur and sale of stock.
Answer the following statement true (T) or false (F)
False
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Curt borrowed money from a bank to purchase a fishing boat. He purchased property insurance on the boat. Curt had difficulty making loan payments because he did not catch many fish, and fish prices were low
Curt intentionally sunk the boat, collected from his insurer, and paid off the loan balance. This scenario illustrates the problem of A) adverse selection. B) moral hazard. C) nondiversifiable risk. D) attitudinal hazard.
Integrity ensures that information is created and modified in an authorized manner.
a. true b. false
Tukey's multiple comparison method is more powerful than Fisher's LSD Method at finding differences in pairwise population means
Indicate whether the statement is true or false
LaFarge North AmericaThe following information relates to this company's stockholders' equity accounts: Common Stock, $7 par, 200,000 shares authorized$700,000 Paid-in Capital in Excess of Par--Common Stock160,000 Retained Earnings?? Treasury Stock, 2,000 shares at cost 15,000 Total Stockholders' Equity$975,000 Refer to LaFarge North America. How many shares of common stock are outstanding?
A. 68,000 B. 78,000 C. 98,000 D. 100,000