Phishing occurs when a criminal poses as a member of the rock group Phish.
Answer the following statement true (T) or false (F)
False
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Valor Company issued 5,000 shares of $1 par common stock for $30 per share, providing the company with $150,000 in cash. What effect, in addition to the increase in cash, does this transaction have on the accounting equation for Valor?
a. Common Stock increases $150,000. b. Common Stock increases $5,000; Additional Paid-in Capital—Common increases $145,000. c. Common Stock increases $5,000; Retained Earnings increases $145,000. d. Common Stock increases $5,000; Gain on Sale of Common Stock increases $145,000.
When you leave a voicemail message for callers,
a. do not include your name. b. speak quickly. c. let the caller know whom to contact for immediate assistance. d. none of these choices.
Which of the following criteria must be met for a company to be an S corporation?
A) Shareholders must be other corporations or partnerships. B) Nonresident aliens cannot be shareholders. C) The corporation must have more than 100 shareholders. D) The corporation must have more than one class of stock.
One strategic fit-based approach to related diversification would be to
A. acquire rival firms that have broader product lines so as to give the company access to a wider range of buyer groups. B. expand into foreign markets where the firm currently does no business. C. acquire companies in forward distribution channels (wholesalers and/or retailers). D. diversify into foreign markets where the firm has unrelated businesses. E. diversify into new industries that present opportunities to transfer specialized expertise, technological know-how, or other valuable resources and capabilities from one business's value chain to another's.