Sole proprietors often benefit from fringe benefits such as tax-free insurance plans.
Answer the following statement true (T) or false (F)
False
Rationale: Sole proprietors are owners (not employees) and thus cannot enjoy the advantage of tax-free fringe benefits.
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The journal entry a company records for the issuance of bonds when the contract rate is less than the market rate would be
A) debit Bonds Payable, credit Cash B) debit Cash and Discount on Bonds Payable, credit Bonds Payable C) debit Cash, credit Premium on Bonds Payable and Bonds Payable D) debit Cash, credit Bonds Payable
On average, how many people are either waiting in line or currently being served?
What will be an ideal response?
A firm has an outstanding issue of 1,000 shares of preferred stock with a $100 par value and an 8 percent annual dividend. The firm also has 5,000 shares of common stock outstanding
If the stock is cumulative and the board of directors has passed the preferred dividend for the prior two years, how much must the preferred stockholders be paid prior to paying dividends to common stockholders at the end of third year? A) $ 8,000 B) $16,000 C) $24,000 D) $25,000
____ adds time and place utility to a product by moving it from where it is made to where it is purchased and used.
A. Warehousing B. Containerization C. Distribution D. Materials handling E. Transportation