Which of the following is not a potential fraud related to stockholders' equity accounts?
a. Stock sales or issuances are not authorized.
b. Entire loan payments are charged to either principal or interest.
c. Dividends are paid in violation of restrictive covenants.
d. Stock options are back-dated.
b
You might also like to view...
For which product would a company use an exclusive distribution strategy?
A) luxury cars B) newspapers C) chewing gum D) dairy products E) soft drinks
Production methods between capital- and labor-intensive methods are classified as intermediate technology.
Answer the following statement true (T) or false (F)
ABC, Inc., is a small clothing manufacturer that produces shirts and pants using two resources: sewing machine hours and cutting machine hours. The production manager can schedule up to 240 hr of sewing machine time and up to 150 hr of cutting machine time. Production of one shirt requires 3 hr of sewing time and 1 hr of cutting time. Each pair of pants requires 2 hr of sewing time and 1.5 hr of cutting time. Each shirt yields a profit of $5, and each pair of pants generates a $6 profit. The objective is to maximize profits. Let X1 = Number of shirts to be produced, X2 = Number of pairs of pants to be produced. Determine the value of X1 and X2 (that maximizes profit) using corner point method.
A. X1 = 0, X2 = 100 B. X1 = 120, X2 = 0 C. X1 = 84, X2 = 24 D. X1 = 24, X2 = 84
Intangible assets are long-term resources that benefit business operations that usually lack physical form and have uncertain benefits.
Answer the following statement true (T) or false (F)