A parent might attempt to resolve a transfer of ownership by giving children active in the firm's management _____ stock and giving nonactive children _____ stock.
A. preferred, common
B. growth, speculative
C. common, preferred
D. more, less
Answer: C
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Organizations under pressure to cut labor costs may respond by
A. requiring employees to bear less of the cost of benefits such as insurance premiums. B. retaining staff levels. C. avoiding automation of routine tasks. D. postponing hiring decisions. E. providing pay increases to prevent employee turnover.
Existing claims related to product warranties and litigation as of December 31, 2016, indicate that it is probable that a liability has been incurred. However, as of December 31, 2016, the amount of the obligation cannot be reasonably estimated. Based on these facts, an estimated loss contingency should be
A) accrued. B) disclosed but not accrued. C) neither accrued nor disclosed. D) classified as an appropriation of retained earnings.
The finished goods account is the controlling account for the:
A) cost ledger B) materials ledger C) work in process ledger D) stock ledger
You can emphasize an idea by putting it into the first or last paragraph
Indicate whether the statement is true or false