If a company retires preferred stock, ________.
A) total stockholders' equity will decrease
B) total stockholders' equity will increase
C) the company can record a gain or loss on retirement of stock
D) the number of outstanding shares will increase
A) total stockholders' equity will decrease
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Which of the following is not true regarding the underground economy?
A. On average, for the 2000 to 2012 time period, it is estimated that the underground economy accounted for between 16 and 17 percent of GDP in OECD countries. B. The underground economy is estimated to have exceeded 60 percent in Bolivia, Panama, and Zimbabwe. C. On average, for the 2000 to 2012 time period, it is estimated that the underground economy accounted for between 30 and 50 percent of GDP in emerging economies. D. Large underground economies can create problems for public policy makers. E. The underground economy in the United States decreased from 8 percent of GDP in 1970 to less than 4 percent in 2003.
Inventions or innovations from applied science or engineering research are referred to as
A. scientific discoveries. B. patents. C. dynamic engineering. D. theoretical development. E. technology.
The Fime Corporation uses a standard costing system. The following data have been assembled for December: Actual direct labor-hours worked 6,200hoursStandard direct labor rate$7per hourLabor efficiency variance$2,100Unfavorable?The standard hours allowed for December's production is:
A. 5,900 hours B. 6,000 hours C. 6,500 hours D. 6,200 hours
Stage 3 in the growth of a business is characterized by
A. a one-person operation. B. hands-off management practices. C. multi-layered organization. D. the entrepreneur as a player-coach.