A company that uses leverage is attempting to earn an overall return that is higher than the cost of funds received from
a. preferred and common stockholders.
b. common stockholders only.
c. preferred stockholders and borrowed funds.
d. borrowed funds only.
c
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A company had revenues of $59,000 and expenses of $46,000 for the accounting period. Dividends of $6500 were paid in cash during the same period. Which of the following entries could not be a closing entry?
A. Debit Income Summary $59,000; credit Revenues $59,000. B. Debit Revenues $59,000; credit Income Summary $59,000. C. Debit Retained earnings $6500; credit Dividends $6500. D. Debit Income Summary $13,000; credit Retained earnings $13,000. E. Debit Income Summary $46,000; credit Expenses $46,000.
The U.S. GAAP and IASB require that firms record derivatives on the balance sheet date at
a. historical cost. b. fair value. c. amortized acquisition cost. d. future value of present cash flows. e. present value of future cash flows.
Describe the arbitration process and how a contract dispute can go to arbitration.
What will be an ideal response?
Planning the Place and Promotion elements of a marketing mix is especially difficult if the dimensions of a product-market are not operational.
Answer the following statement true (T) or false (F)