During the gold standard, the international monetary system was also called the dollar-based gold standard
Indicate whether the statement is true or false
FALSE
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Limited liability of the owners means that the stockholders of a corporation share a personal liability for all debts of the corporation
a. True b. False Indicate whether the statement is true or false
On July 1, 2017, Rectangle, Inc purchased Diamond Company's five-year 12% bonds with a face value of $500,000 for $569,000, which included $25,000 of accrued interest. The bonds, which mature on February 1, 2022, are to be held-to-maturity and pay interest on February 1 and August 1. Rectangle uses the straight-line method of amortization. The amount of income that Rectangle would report for the
calendar year 2017 as a result of this long-term investment would be A) $20,400. B) $25,200. C) $30,000. D) $34,800.
Which type and form of communication networks is a useful method of communicating messages quickly and efficiently in person, over e-mails, blogs, or through other technological tools and can bring about a sense of unity among the employees who meet and share information?
a. Rumor string of an informal network b. Cluster chain of a formal network c. Grapevine of an informal network d. Gossip chain of an informal network
Which of the following is NOT a potential source of outside financing for a corporation?
A) new bank loans B) new long-term debt C) sale of new equity D) additions to retained earnings