Recurring costs include: hardware maintenance, software acquisition, software maintenance, insurance, supplies, personnel costs
Indicate whether the statement is true or false
F
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A party suing for breach of contract who has suffered actual losses as a result of the breach is entitled to recover ________.
A. liquidated damages B. compensatory damages C. punitive damages D. nominal damages
The cost of capital is the cost a company bears to obtain external financing. A company's cost of capital is critical because it determines which long-term projects are profitable for the entity to undertake. The higher the cost to obtain funds, the
fewer the long-term projects are profitable for a company to pursue. Required: Explain the role of financial statements generally and the roles of the FASB, the AICPA, the SEC, and the IASB in lowering the cost of capital.
Secondary data sources may be internal or external
Indicate whether the statement is true or false
Which of the following is a major reason why corporate ownership is popular in the United States?
A) Stockholders have limited liability for the debts of the corporation. B) Most corporations are small- or medium-sized. C) The life of a corporation is limited by the death of the owner. D) A corporation is usually managed by the owners.