The limited liability of a stockholder in a closely held corporation may be challenged successfully if the stockholder:
a. Undercapitalized the corporation when it was formed.
b. Formed the corporation solely to have limited personal liability.
c. Sold property to the corporation.
d. Was a corporate officer, a director, or an employee.
.A
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On July 1, 2016, Overlin Corp purchased $100,000 of 8% bonds at face value. Interest is paid annually on June 30 . If the accounting year for Overlin ends at December 31, 2016, what will be reported with respect to the bonds on that date?
a. The carrying value of the bonds will be $108,000. b. The cash received in interest will be $8,000. c. Interest income in the amount of $4,000 will be accrued. d. A loss on the bonds will be reported in the Other Income and Expense section of the 2016 income statement until the entire amount of interest is paid on June 30, 2017.
Agreements between competitors that have the effect of diminishing competition are called ________
A. vertical competition agreements B. cross-licensing agreements C. multiple licensing agreements D. horizontal competition agreements
Advantages of the Scrum model include
A) great when requirements are fluid. B) works well with inexperienced team members. C) does not require a significant time commitment from customers. D) very suitable for large projects.
For a given sample size, the probability of committing a Type II error will increase when the probability of committing a Type I error is reduced
Indicate whether the statement is true or false