If shares are issued with no par value, the entire price must be allocated to stated capital
Indicate whether the statement is true or false
False
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One aspect of the corporate form can be considered both an advantage and a disadvantage. What aspect is this, and why can it be considered both?
Which of the following statements is a true statement with regard to the difference between equipment leasing and equipment rental?
A. Rental requires the use of the equipment for a specified length of time. B. Leasing frequently involves a contract specifying the length of time the lease may be in effect. C. Equipment obtained through a lease agreement can be returned without financial penalty. D. Equipment leasing and rental are synonymous.
The break-even point is the volume that equates total revenue with total cost
Indicate whether this statement is true or false.
Discuss briefly the costs of making sales on account.
What will be an ideal response?