Which of the following statements would be true if you own stock in a company?
a. You are an owner of the retained earnings and capital stock of the company.
b. You have a claim to the assets of the business
c. You have the right to receive interest on an annual basis.
d. You have the right to a portion of the company's revenues each accounting period.
b
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Which part of the leadership definition offered in the textbook gives leadership its ethical tone?
A. group B. process C. influence D. common goals
The reasonable person test is used to judge contracts involving mechanical fitness
Indicate whether the statement is true or false
On April 1, 2017, Shannon Company, a U.S. company, borrowed 100,000 euros from a foreign bank by signing an interest-bearing note due April 1, 2018. The dollar value of the loan was as follows:DateAmountApril 1, 2017$97,000 December 31, 2017 103,000 April 1, 2018 105,000 ?How much foreign exchange gain or loss should be included in Shannon's 2017 income statement?
A. $7,000 gain. B. $3,000 loss. C. $6,000 loss. D. $3,000 gain. E. $6,000 gain.
A life insurance policy can be structured so that the death benefits are paid directly to a named beneficiary, which means that:
A. the life insurance proceeds are paid directly to named beneficiaries after payment of state or federal income taxes. B. the cash benefits from your life insurance policy cannot be claimed by creditors. C. the life insurance proceeds are invested for the beneficiary. D. the cash benefits are remitted to the beneficiary only after the beneficiary pays estate taxes. E. the life insurance company makes additional payments to the family of the insured so that they continue to live comfortably.