Notes receivable is the amount owed to a seller by customers who have purchased goods and services on credit
Indicate whether the statement is true or false
F
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Which of the following statements is not descriptive of common stock?
a. Stockholders are considered owners, not creditors, of a corporation. b. The payment of dividends is never required. c. Dividends paid are an expense for the issuing corporation. d. Issuing stock is less risky than issuing bonds.
The specialized part of public relations that counsels management on how to respond negative situations is which of the following?
A. Marketing D. Public affairs B. Issues management E. Crisis management C. Investor relations
Which of the following is a recognized advantage of an LLC?
A) Members are not personally liable for the LLC's debts and obligations. B) State LLC statutes are not uniform. C) A foreign LLC may not be treated the same as a domestic LLC. D) In a member-managed LLC, all decisions are made by a majority, which often causes delay in decision making.
What was the cost of partially or completely fixing the Pinto gas tank to better withstand rear-end collision impact?
a. The costs of the changes ranged from $1.80 to $15.30 b. The costs were over 10% of the cost of the car c. The costs were too great because the car had to be redesigned d. None of the above