The names of stockholders entitled to receive dividends are determined on the date of payment
a. True
b. False
Indicate whether the statement is true or false
False
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If you have a commitment to pay a friend in Britain 1,000 pounds in 30 days, you could remove the risk of loss due to the appreciation of the pound by
a. buying dollars in the forward market for delivery in 30 days. b. selling dollars in the forward market for delivery in 30 days. c. buying the pounds in the forward market for delivery in 30 days. d. selling the pounds in the forward market for delivery in 30 days.
A 15% change in sales will result in a 15% change in net income
a. True b. False Indicate whether the statement is true or false
On January 1, a company issued and sold a $400,000, 7%, 10-year bond payable, and received proceeds of $396,000. Interest is payable each June 30 and December 31. The company uses the straight-line method to amortize the discount. The carrying value of the bonds immediately after the first interest payment is:
A. $399,800. B. $396,200. C. $395,800. D. $400,200. E. $400,000.
Grady, an obese individual, files a suit against Fry Fast Food Corporation (FFFC), alleging that FFFC's food is unhealthy because, as Grady knows, it contains high levels of cholesterol and saturated fat. Grady is most likely to
A. lose, because Grady assumed the risk when he bought FFFC's food. B. lose, because Grady knows of the food's unhealthiness. C. win, because FFFC's food poses an unhealthy risk to Grady. D. win, because Grady knows of the food's unhealthiness.