An accounting transaction is not recorded when a corporation declares and executes a stock split
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
Which of the following is not an issue associated with liabilities?
A) Identification B) Valuation and Measurement C) Assessment D) Reporting
Brent Beshore, CEO of adventur.es, a private investment firm, walks around the office every day thanking people for their contributions. What purpose does this serve in terms of attaining behavioral control?
A. It helps reinforce and sustain the adventur.es culture. B. It demonstrates to employees the importance of articulating explicit goals and objectives. C. It makes the adventur.es reward system very explicit. D. It reminds employees of adventur.es rules and regulations.
Market commonality is the extent to which rivals draw from the same types of resources.
Answer the following statement true (T) or false (F)
Juarez would like to open a Honduran restaurant in San Diego. He has determined that, due to the large Hispanic population there, the demand for a Honduran restaurant should be high. He has studied the demographics of the area, the competing businesses, the costs of rent, electricity, gas, licensing, insurance, and all of the costs associated with payroll taxes and employee liabilities. He has determined that he can run the business with a minimum of four people if they work in six-hour shifts and the business is open from 9 a.m. to 9 p.m. After completing all of his costs calculations and subtracting them from his projected income for the first year, he has determined that he will be about two thousand dollars a month short. He had decided to run the business as a sole proprietorship but
is now reconsidering this decision. He needs money but he doesn't want to give up control or go into debt. What would be the best form of business for him to have under these circumstances? A. Corporation B. Limited-liability company C. Limited partnership D. Partnership