When a program unit refers to other database objects, the program unit is considered dependent on that object.
Answer the following statement true (T) or false (F)
True
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When a corporation sells 9,000 shares of $12 par value common stock for $159,000, Common Stock is credited for $108,000
Indicate whether the statement is true or false
If a long-term investment in an equity security gives the investor significant influence over the investee, the investment is classified as available-for-sale.
Answer the following statement true (T) or false (F)
Diversified Corporation's articles of incorporation prohibit a sale of its assets without a vote of the board of directors. Diversified's officers sell some assets to Enterprise Company without notice to the board. The officers also fail to pay Diversified's taxes on time, and some Diversified funds are not accounted for. With respect to Diversified's shareholders, this conduct is most likely A)
not oppressive because it is undertaken by Diversified's officers. B) oppressive because Diversified's directors may be personally liable. C) oppressive because Diversified's shareholders may be personally liable. D) oppressive because it departs from the standards of fair dealing.
Microsoft is an example of a company whose common stock is considered to be a growth stock
Indicate whether this statement is true or false.