To determine the value of a share of preferred stock, the discount rate used is the annual dividend percent
Indicate whether this statement is true or false.
Answer: FALSE
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Which element of the marketing mix is most relevant to the activity "delivering value"?
A. product B. place C. price D. purchasing E. promotion
The payment of taxes would be included in the operating activities section of the statement of cash flows
Indicate whether the statement is true or false
Lexington Company engaged in the following transactions during Year 1, its first year in operation: (Assume all transactions are cash transactions) 1. Acquired $5000 cash from issuing common stock. 2. Borrowed $3200 from a bank. 3. Earned $4100 of revenues. 4. Incurred $2600 in expenses. 5. Paid dividends of $600. Lexington Company engaged in the following transactions during Year 2: (Assume all transactions are cash transactions) 1. Acquired an additional $1500 cash from the issue of common stock. 2. Repaid $2000 of its debt to the bank. 3. Earned revenues, $5500. 4. Incurred expenses of $3150. 5. Paid dividends of $1840. What is the amount of total assets that will be reported on Lexington's balance sheet at the end of Year 1?
A. $8800. B. $1800. C. $9100. D. $4000.
Mix-It Concrete Company has the right to enter Nim's land and remove the rock from Nim's quarry. This is
A. a fee simple absolute. B. a license. C. an easement. D. a profit.