Once a corporation issues bonds, it must pay interest to the bondholders over the life of the bonds, usually semi-annually, and the principal of the bonds at maturity
Indicate whether the statement is true or false
T
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The designation "TM" or "SM" cannot be used until and unless the mark is registered
a. True b. False Indicate whether the statement is true or false
In what instances, concerning involuntary conversions, must a taxpayer file an amended tax return (Form 1040X)?
A. Both when the taxpayer does not buy replacement property within the replacement period and when the replacement property purchased by the taxpayer costs less than the amount realized for the converted property. B. When the replacement property purchased by the taxpayer costs less than the amount realized for the converted property. C. When the taxpayer does not buy replacement property within the replacement period. D. When the entire amount of the insurance proceeds is used to purchase replacement property.
Unemployment compensation is the financial assistance for some period of time to those people who lose their jobs through no fault of their own.
Answer the following statement true (T) or false (F)
Answer the following statements true (T) or false (F)
1. Comparison of the degree of operating leverage of two firms is valid only when the base level of sales used for each firm is the same. 2. The degree of operating leverage depends on the base level of sales used as a point of reference. The closer the base sales level used is to the operating breakeven point, the greater the operating leverage. 3. Operating leverage results from the existence of operating costs in a firm's income stream. 4. Operating leverage may be defined as the potential use of fixed operating costs to magnify the effects of changes in sales on a firm's earnings before interest and taxes (EBIT). 5. Operating leverage is present when a firm has fixed operating costs.