Since common stockholders are the true owners, preferred stockholders' dividends are deducted from net income before computing _____.
A. the debt ratio
B. the current ratio
C. return-on-equity
D. earnings per share
Answer: C
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Current auditing standards do not require the confirmation of receivables if accounts receivable are not material
a. True b. False Indicate whether the statement is true or false
Discraft Inc is expected to pay an annual dividend of $1 at the end of the current year. (Discraft pays its dividends annually.) The dividend is expected to grow quickly over the ensuing year at the rate of 20%
Starting two years from today the growth rate of dividends will fall to a rate of 3% and continue at that rate in perpetuity. Investors require a 12% return on the stock. Estimate the market price of the shares of Discraft in one year's time (at Year 1 ) just after the next dividend is paid. A) $11.24 B) $11.62 C) $12.80 D) $13.33 E) $14.82
Fraud in the inducement will render an agreement void
Indicate whether the statement is true or false
Off-price retailers are self-service, general merchandise outlets that sell goods at lower-than-usual prices.
Answer the following statement true (T) or false (F)