Mai is a third party beneficiary under a contract between Novia and Otis. Novia and Otis can modify or rescind their contract without Mai's consent
a. at any time.
b. at no time.
c. afterMai's rights have vested.
d. beforeMai's rights have vested.
D
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The three phases of setting up an accounting system are, in order
A) design, implementation, analysis B) analysis, design, implementation C) design, analysis, implementation D) implementation, design, analysis
Invasion of privacy consists of:
a. appropriation. b. intrusion. c. public disclosure of private facts. d. All of these are invasions of privacy.
The balanced scorecard focuses only on lead indicators, because lag indicators are not important for performance evaluation
Indicate whether the statement is true or false
A company has outstanding 10 million shares of $2 par common stock and 1 million shares of $4 par preferred stock. The preferred stock has an 8% dividend rate. The company declares $300,000 in total dividends for the year. Which of the following is correct if the preferred stockholders only have a current dividend preference?
A. Preferred stockholders will receive the entire $300,000, and they must also be paid $20,000 before the end of the current accounting period. Common stockholders will receive nothing. B. Preferred stockholders will receive $24,000 or 8% of the total dividends. Common stockholders will receive the remaining $276,000. C. Preferred stockholders will receive the entire $300,000, but will receive nothing more relating to this dividend declaration. Common stockholders will receive nothing. D. Preferred stockholders will receive the entire $300,000, and they must also be paid $20,000 sometime in the future before common stockholders will receive anything.