Not all promises are enforceable contracts
a. True
b. False
Indicate whether the statement is true or false
True
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If a company has issued only one class of stock, the earnings per share are determined by dividing net income plus interest expense by the number of shares outstanding
a. True b. False Indicate whether the statement is true or false
Grant exchanges a parcel of land for a building. Both are investment properties for Grant. In addition to the building, which has a basis of $12,000, Grant receives $10,000 cash. The parcel of land has a fair market value of $22,000 and an adjusted basis of $10,000. What is Grant's recognized gain or loss due on this transaction?
A. $-0- B. $10,000 C. $12,000 D. $16,000 E. $22,000
Any act of expropriation of foreign property is considered illegal under international law
Indicate whether the statement is true or false
Nimble Numbers Accounting Corporation, a private employer, handles bookkeeping for small employers. In most circumstances, with exceptions, federal law clearly prohibits Nimble from subjecting its employees to
a. job-skills tests. b. monitoring of business communications. c. drug tests. d. lie-detector tests.