Shareholders' meetings need not occur at any certain interval.
Answer the following statement true (T) or false (F)
False
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A stock's price is $20 at the beginning of a year. There is a 25 percent chance that the price will be $17 at the end of the year, and a 75 percent chance that the price will be $25 at the end of the year. The stock will pay a dividend of $3 during the year. The standard deviation of the return on the stock is ____ percent (rounded to the nearest percentage point).
A. 10 B. 12 C. 15 D. 17
When two proprietors decide to combine their businesses, generally accepted accounting principles usually require that noncash assets be taken over at their
a. historical cost value as of the date of formation; b. fair market value as of the date of formation; c. book value as of the date of formation; d. residual value as of the date of formation; e. salvage value
In CPM, crashing an activity that is not on the critical path increases the cost of the project
Indicate whether the statement is true or false
A company has a policy of paying salaries for contract labor on the 15th of the month following the labor services received. In December 2021, the company recorded $15,000 paid in salaries for labor services received in November 2021. In addition, labor services received in December 2021 were $12,000 and will be paid by the company on January 15, 2022. What adjusting entry will the company record on December 31, 2021?
A. Debit Salaries Expense and credit Salaries Payable for $3,000. B. Debit Salaries Expense and credit Salaries Payable for $27,000. C. Debit Salaries Expense and credit Salaries Payable for $12,000. D. Debit Salaries Expense and credit Cash for $15,000.