A business that holds itself out as being a corporation may not be able to deny corporate status, even if it makes no attempt to incorporate
Indicate whether the statement is true or false
True
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A review report issued by a public accounting firm on a public client's interim financial statements includes reference to adherence to the standards of the Public Company Accounting Oversight Board
a. True b. False Indicate whether the statement is true or false
Consider the following information: direct materials used totaled $134,400; direct labor amounted to $396,800; overhead was computed to be $789,600; Work in Process Inventory on January 1, 2010, was $378,200; and Work in Process Inventory on December 31, 2010, was $385,200 . What was the cost of goods manufactured?
a. $1,313,800 b. $1,320,800 c. $1,327,800 d. $2,084,200
Anacott Steel is acquiring Terafly Incorporated. Terafly is expected to provide Anacott with operating cash flows of $12, $21, $16, and $9 million over the next four years, respectively. In addition, the horizon value of all remaining cash flows at the end of Year 4 is estimated at $18 million. The merger will cost Anacott $47 million today. If the value of the merger is estimated at $8.00 per share and Anacott has 1,000,000 shares outstanding, what equity discount rate must the firm be using to value this acquisition?
A. 11.88% B. 10.22% C. 14.31% D. 12.77% E. 12.65%
European Union antitrust law developed after World War II
Indicate whether the statement is true or false