The enhancement of existing products is an external product development strategy
Indicate whether the statement is true or false
FALSE
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Firms with convertible preferred stock or other potentially dilutive securities outstanding
a. must present dual earnings-per-share amounts. b. calculate basic earnings per share by taking net income attributable to common stock and dividing by the average number of common shares outstanding during the period. c. calculate diluted earnings per share when a firm has securities outstanding that, if exchanged for common stock would decrease basic earnings per share by 3 percent or more. d. all of the above e. none of the above
A proponent of the ________ school of social responsibility would argue that efforts at pollution control and bringing equality of payment to the workforce are tasks of the government and not of the private sector, which is incapable of making such
choices and is not elected in a democratic society to do so. A) managerial B) regulation C) profit-oriented D) institutional
Morris Company established a petty cash fund with a $400 balance. Which of the following statements is incorrect?
A) A journal entry is needed to debit the Cash account and credit the Petty Cash account for $400. B) There is no net effect on current assets. C) The sum of the cash plus the total of the petty cash tickets should equal $400 at all times. D) The petty cash custodian cashes a check for $400 and places the currency in the petty cash fund box.
Comparative advertisements mention the actual names of competing brands.
Answer the following statement true (T) or false (F)