The total number of shares the corporate charter permits the corporation to issue is called
a. outstanding stock.
b. authorized stock.
c. issued stock.
d. common stock.
b
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Auditors are concerned with the addresses provided for customers in the confirmation of accounts receivable because of which of the following reasons?
a. Confirmations are selected based upon zip codes. b. A P.O. Box is more reliable than a street address. c. Confirmations should be sent only to business addresses and not residential. d. The address may be routed to the client for retrieval and fraudulent signing.
The 2002 amendments to the Revised Act provide for domestication and conversion into other entities without a merger
a. True b. False Indicate whether the statement is true or false
The stage of new product development in which potential customers are presented with a written or oral description of the product to determine their initial attitudes and buying intentions is called
A. concept testing. B. screening. C. test marketing. D. business analysis. E. commercialization.
Barry's BBQ had sales revenue for the year of $200 million and net income of $20 million. Total assets were $70 million at the beginning of the year, and $80 million at the end of the year. Calculate Barry's return on assets, profit margin, and asset turnover ratios (round to one decimal place).
What will be an ideal response?