Cumulative voting allows a greater control by the management interests of a corporation
a. True
b. False
Indicate whether the statement is true or false
False
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One way analysts measure the ability of a company to meet its obligations is to calculate the times interest earned ratio for any outstanding debt the company may have. For Tempo Solutions Corporation, $10,000 of bonds paying 6.5% annually are outstanding. Income before interest and taxes is $7,000 . How would Tempo Solutions Corporation calculate the times interest earned ratio?
a. Income before interest and taxes divided by the interest expense. b. Income before interest and taxes divided by carrying value of the bonds outstanding. c. Income before interest and taxes divided by the face rate on bonds. d. Face amount of bonds divided by income before interest and taxes.
Depreciation
a. assures that assets are reported at fair market value b. is discretionary for many firms c. allocates the cost of an asset over its useful life d. is the responsibility of the department using the asset
Which of the following data collection modes comes closest to being patterned after the "man-on-the-street" interview?
A) person-on-the-street interview B) mall-intercept interview C) drop-off survey D) online survey E) mail survey
Which one of the following requires intraperiod tax allocation?
A. installment sales for tax purposes and accrued revenue recognition for accounting purposes B. the excess of accelerated depreciation for tax purposes over depreciation for accounting purposes C. interest income on municipal obligations D. prior period adjustments