Under the corporate form of business organization,
a. ownership rights are easily transferred
b. a stockholder is personally liable for the debts of the corporation
c. stockholders' acts can bind the corporation even though the stockholders have not been appointed as agents of the corporation
d. stockholders wishing to sell their corporate shares must get the approval of other stockholders
a
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Consider a coupon bond that pays $150 every year and repays its principal amount of $1,500 at the end of five years. If the annual rate of discount is 7 percent, the present value of the bond is approximately
A. $214.29. B. $808.39. C. $1,684.50. D. $1,742.52.
Which inventory cost flow assumption is not allowed for financial reporting in many foreign countries?
A) specific identification B) average C) FIFO D) LIFO
Which of the following is not a way of establishing common ground when in a conflict situation?
A. align with common enemies B. establish common expectations C. establish superordinate goals D. manage time constraints and deadlines
The ideas expressed in popular sources often involve secondhand reporting of information.
Answer the following statement true (T) or false (F)