Molly, the CEO of a corporation owning a number of pet stores, calls you for advice. She tells you that she received inside information that the stock of the company was going to go down because of reports that a number of dogs sold by the store had become ill and that she, therefore, immediately sold all her stock in the company before the information became public. She tells you that she has
been advised that she is going to be charged with a securities violation involving insider trading. Which of the following is true regarding her situation?
a. Corporate executives may be fined but may not be sent to jail.
b. Corporate executives may be sent to jail, but only for offenses endangering others.
c. Corporate executives may be sent to jail, but only for fraud involving banks.
d. Corporate executives may be sent to jail for violation of criminal laws.
d
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Research has shown that exporting is essentially a developmental process that proceeds in different stages. Before a firm reaches stage 4, it must do which one of the following activities?
A) explore the feasibility of exporting B) commit resources for exporting C) receive unsolicited export orders D) believe in attractiveness of exporting E) build confidence in firm's ability for exporting
Describe the similarities and differences between the Canadian labor relations system and the U.S. labor relations systems.
What will be an ideal response?
Indicate whether each of the following statements about the auditor's role in financial accounting is true or false. ________ a) A financial audit guarantees the accuracy of all amounts reported on the financial statements.________ b) A financial audit is a detailed examination of a company's financial statements and underlying accounting records.________ c) The primary responsibility of the independent accounting firm is to the public.________ d) The most favorable type of audit report is called a qualified opinion.________ e) The ultimate responsibility for the financial statements lies with management of the company rather than the independent accounting firm.
What will be an ideal response?
A company originally issued 13,000 shares of $6 par value common stock at $12 per share The board of directors declares a 12% stock dividend when the market price of the stock is $22 a share. Which of the following is included in the entry to record the declaration of a stock dividend?
A) Stock Dividends is debited for $34,320. B) Stock Dividends is credited for $34,320. C) Stock Dividends is debited for $18,720. D) Paid-In Capital in Excess of Par-Common is credited for $18,720.