Which of the following statements is false regarding the issuance of stock versus bonds to raise capital for a corporation?
A) The declaration of dividends reduces the amount of the corporation's taxable income.
B) Interest accrues; whereas, dividends do not accrue.
C) The payment of bond interest is a contractual requirement.
D) The declaration of dividends is at the discretion of the board of directors.
A
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Indicate whether the statement is true or false
The acronym EAP stands for which of the following:
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Which of the following statements is true of patents?
A) The object of a patent can be one that a person of ordinary skill in the trade could have easily discovered. B) Courts generally grant patents for business methods. C) A patent holder has the exclusive right to produce, sell, and use the patented object for the duration of ten years. D) No other party should have created or published the plans for the object of a patent.
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