The cost of preferred stock to a firm must be adjusted to an after-tax figure because 50% of dividends received by a corporation may be excluded from the receiving corporation's taxable income.
Answer the following statement true (T) or false (F)
False
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The effective evaluation of managers' performance depends on both human factors and company policies. Using variances from standard costs in a manager's performance report adds accuracy to the evaluation process. What actions should be taken to ensure effectiveness and fairness when setting up a performance evaluation process?
Which of the following is true about crimes?
A) Torts always accompany crimes, although the civil case is often not brought. B) Criminal liability exists only if there is a victim who suffered damages. C) A criminal defendant will be found guilty whenever the jury believes it is more likely than not that the defendant committed the crime. D) Criminal law is based on an act done by an individual that violates a duty owed to society and for the breach of which the law will impose punishment.
The Financial Accounting Standards Board (FASB) is the federal regulatory body that governs the sale and listing of securities
Indicate whether the statement is true or false
In which case would true impossibility NOT apply?
A. Nelson contracted with a local restaurant to supply 10,000 pounds of potatoes, but a tornado tore through his field, completely destroying it. B. A record company contracted with Darlene to produce a CD of traditional folk ballads; unfortunately, Darlene died before recording began. C. Reed agrees to purchase an expensive piece of jewelry for $25,000; a week later, he tells the jeweler that he simply does not have that kind of money. D. None of these are correct.