"Toughies" are old school buyers who pit sellers against one another
Indicate whether the statement is true or false
TRUE
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Which of the following events would be classified as an investing activity on a statement of cash flows?
A) payment of interest on a loan B) receipt of cash dividends on an available-for-sale investment C) purchase of inventory D) sale of an office building at a gain
When two or more capital investment proposals are being evaluated using the accounting rate-of-return method, the proposal that yields the lowest ratio of net income to average cost of investment is selected
Indicate whether the statement is true or false
Which of the following is true of corporate bylaws?
A) They only contain rules on how the corporation can deal with the government. B) They are only adopted by the shareholders of the corporation. C) They are not binding on the directors, or shareholders of the corporation. D) They do not have to be filed with any government official.
Which is Warren Buffett's test for ethics?
a. The Categorical Imperative b. The Front-Page-of-the-Newspaper test c. The Wall Street Journal model d. Ethical Egoism e. None of the above