Which of the following standards is related to the qualitative characteristic of neutrality?
a. Quantifiability
b. Freedom from bias
c. Usefulness
d. Objectivity
ANSWER: B
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Expenses can be matched against revenue
a. if the earnings process is not complete. b. when cash is collected from the sale of products. c. through allocation to the accounting periods in which the benefits are recognized. d. when payment is made for costs related to revenue.
At its core, procedural due process requires that before the government can deprive someone of life, liberty, or property, the government must give that person two things: ________.
A. free legal counsel and 14 days wages B. bail and a medical examination C. proper notice and hearing of legal action D. a jury trial and a 90 days advance notice
The last dividend paid by Coppard Inc. was $1.25. The dividend growth rate is expected to be constant at 15% for 3 years, after which dividends are expected to grow at a rate of 6% forever. If the firm's required return (rs) is 11%, what is its current stock price?
A. $30.57 B. $31.52 C. $32.49 D. $33.50 E. $34.50
?Which of the following is true about the dividend relevance theory?
A. ?If investors prefer capital gain on their investment, then the tax effect of dividend receipts does not have any effect on the price of stocks. B. ?If investors prefer current income on their investment, then the tax effect of dividend receipts does not have any effect on the price of stocks. C. ?If investors prefer current income on their investment, the required return on equity should decrease as the dividend payout is increased. D. ?If investors prefer capital gain on their investment, free cash flows to equity should decrease. E. ?If investors prefer both capital gain and current income, the net income of the firm should decrease.