A corporation is a state-chartered legal entity that can conduct business operations in its own name
a. True
b. False
a
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______ is a data-mining technique used to predict future behavior and anticipate the consequences of change.
A. Data digging B. The decision tree C. Decisions by trends D. Predictive modeling E. GIGO
Which of the following statements is true?
a. Profits distributed to the creditors are called dividends. b. The balance sheet shows the assets, liabilities, and profits of a company. c. Dividends are an expense, and are reported on the income statement as a deduction from net income. d. The income statement reports the revenues and expenses of a company.
Chapin Company purchased investments in 2017 at a cost of $200,000and recorded them as trading securities. Their market values totaled $250,000 and $230,000 on December 31, 2017, and December 31, 2018, respectively. The entry required on December 31, 2018, would include a
A) debit to Unrealized Holding Gain/Loss-Trading Securities of $20,000 B) credit to Unrealized Holding Gain/Loss-Trading Securities of $20,000 C) credit to Unrealized Holding Gain/Loss-Trading Securities of $30,000 D) debit to Unrealized Holding Gain/Loss-Trading Securities of $30,000
Which of the following statements about disability and disability income insurance is (are) true?
I. Most disability income policies replace 100 percent of gross earnings. II. The probability of being disabled before age 65 is much higher than commonly believed. A) I only B) II only C) both I and II D) neither I nor II