The current portion of long-term debt is classified as a current liability only if it is due within the next year and is to be paid from current assets
Indicate whether the statement is true or false
T
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Of the time US consumers spend with all media, almost ________ is spent online
A) one-quarter B) one-third C) two-thirds D) one-half E) three-quarters
Eric's gross pay for the week is $2,150
His deduction for federal income tax is based on a rate of 25%. He has no voluntary deductions. His yearly pay is under the limit for OASDI. What is the amount of FICA tax that will be withheld from Eric's pay? (Assume a FICA-OASDI Tax of 6.2% and FICA-Medicare Tax of 1.45%.) A) $537.50 B) $164.48 C) $701.98 D) $136.50
On March 31, 2017, Park Place, Inc shows the following data on its balance sheet
Stockholders' Equity Common Stock, $1 Par, 1,180,000 shares authorized 240,000 shares issued, 230,000 shares outstanding $240,000 Paid-In Capital in Excess of Par-Common 2,560,000 Retained Earnings 4,790,000 Treasury stock, 15,000 shares at $40 -600,000 Total Stockholder's Equity $6,990,000 Assume that Park Place sells 1,500 shares of treasury stock at $33 per share. What is total stockholders' equity after this transaction? A) $6,940,500 B) $7,039,500 C) $6,979,500 D) $7,000,500
Two Japanese firms¾Mikato, Ltd., and Shuzushi, Ltd.¾enter into a joint venture in an attempt to increase their market share of the U.S. auto market. A U.S. court could exercise jurisdiction over the firms
A. if the joint venture has a substantial effect on U.S. commerce. B. if the joint venture has any effect on U.S. commerce. C. if the joint venture was entered into in the United States. D. under no circumstances.