A(n) ________ refers to a document that an issuer of securities files with the Securities and Exchange Commission (SEC) that contains required information about the issuer, the securities to be issued, and other relevant information.
A. article of organization
B. operating statement
C. registration statement
D. certificate of interest
Answer: C
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Having market-related knowledge helps salespeople in all of the following ways except
A. it allows salespeople to have a greater understanding of the goods, services, and processes within their own firm. B. it allows salespeople to understand the key business issues that affect their customers' success. C. it allows salespeople to gain insider knowledge of competitors' trade secrets. D. it allows salespeople to gain a greater share of new accounts. E. it allows salespeople to detail how their products and services can bring value to the customers' business.
Depreciation expense is found on the ________ and accumulated depreciation is found on the ________
A) income statement; income statement. B) balance sheet; income statement. C) income statement; balance sheet. D) balance sheet; balance sheet.
A corporation reports the following year-end balance sheet data. The company's debt ratio equals: Cash$40,000 Current liabilities$75,000 Accounts receivable 55,000 Long-term liabilities 35,000 Inventory 60,000 Common stock 100,000 Equipment 145,000 Retained earnings 90,000 Total assets$300,000 Total liabilities and equity$300,000
A. 0.58 B. 0.63 C. 1.27 D. 0.37 E. 2.07
Mr. Dennis purchased a machine for use in his business. Mr. Dennis' costs in connection with this purchase were as follows:Note to seller$33,000Cash paid to seller5,000State sales tax2,400Freight to place of business1,500Wages paid to workers to install machine4,200What is the amount of Mr. Dennis' basis in the machine?
A. $40,400 B. $41,900 C. $33,000 D. $46,100