In Arthur J, Gallagher v. Babcock, where Babcock quit working for Gallagher and went into competition, drawing away clients, and Gallagher sued to enforce a non-solicitation and non-competition agreement, the courts held that the agreements would be enforced and Babcock owed damages
a. True
b. False
Indicate whether the statement is true or false
True
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The primary purpose of a stock split is to
a. increase paid-in capital b. reduce the market price of the stock per share c. increase the market price of the stock per share d. increase retained earnings
Composite, Inc, a firm specializing in building materials, engaged in the following transaction during 2013: issued 2,000 shares of common stock for $7,500 million in cash. Indicate the effects of the transaction on the balance sheet equation. (Composite Inc applies U.S. GAAP financial reporting standards, and reports its results in millions of dollars.)
a. Liabilities +$7,500 million; Shareholders' Equity -$7,500 million b. Liabilities +$7,500 million; Shareholders' Equity +$7,500 million c. Assets +$7,500 million ; Liabilities +$7,500 million d. Assets +$7,500 million ; Shareholders' Equity +$7,500 million e. Assets -$7,500 million ; Liabilities -$7,500 million
Cost behavior refers to the manner in which:
A) a cost changes as the related activity changes B) a cost is allocated to products C) a cost is used in setting selling prices D) a cost is estimated
Which of the following practices will NOT be considered unprofessional when writing a formal e-mail?
A. Using emoticons or smileys to personalize the e-mail message B. Using all-capital letters or all lowercase letters in the e-mail C. Ending the e-mail with just the first name rather than a complimentary closing D. Keeping the subject line of the e-mail empty