Stockholders' equity is composed of three parts: contributed capital, earnings retained in the business, and dividends paid
a. True
b. False
Indicate whether the statement is true or false
False
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Bruce lived in Tennessee and had an appliance store in Tennessee. Bruce's residence and the appliance store, however, were within twenty miles of the Virginia state line. Bruce advertised heavily in both Tennessee and Virginia. Susan, one of his customers from Virginia, had an unfortunate experience with a refrigerator purchased from Bruce in that the refrigerator caught on fire and burned down
Susan's house which was worth $200,000 . Susan obtained proof that the refrigerator had actually been returned to Bruce because it malfunctioned and that, rather than repair the refrigerator and sell it as used, Bruce sold the refrigerator to her as new without repairs. Susan sued Bruce in federal district court in Virginia on a number of theories. Bruce opposed the lawsuit on the basis that it could only be filed in a state court and also on the basis that he was not subject to jurisdiction in Virginia. Which of the following is the most likely result in regard to Bruce's claim that he was not subject to jurisdiction in a court located in Virginia? a. Bruce would not be subject to jurisdiction in a Virginia court because he did not live there nor was his store located there. b. Bruce would not be subject to jurisdiction in a Virginia court because a consumer complaint was involved, not a dispute involving two business entities. c. Bruce would be subject to the jurisdiction of courts in Virginia because Tennessee borders Virginia, and federal courts have jurisdiction over citizens from any surrounding state. d. Bruce would be subject to the jurisdiction of courts in Virginia because his contacts with the state were such that maintenance of the suit would not offend traditional notions of fair play and substantial justice.
An unwitnessed, handwritten will is invalid
Indicate whether the statement is true or false
Smucker's purchased Folgers Coffee in 2008. The option to buy Folgers represented a(n) _____ to Smucker's.
A. opportunity B. strength C. weakness D. threat E. burden
Credit cards with tiered interest rates charge cardholders who
A) carry large balances a lower rate. B) pay off their balance monthly a higher rate. C) make early payments a higher rate. D) carry large balances a higher rate.