Nontaxable stock dividends result in no change to the total basis of the old and new stock, but the basis per share decreases
a. True
b. False
Indicate whether the statement is true or false
True
RATIONALE: The total basis remains the same (i.e., equals the basis of the old stock). The basis per share decreases.
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Everything else remaining unchanged, a decrease in the supply of security A and a decrease in the demand for security B will cause the price of security A to ____ and the price of security B to ____.
A. fall; fall B. fall; rise C. rise; fall D. rise; rise
Walmart has decided to hire extra clerks during the holiday season. It is said to be ________
A) matching its supply with the existing demand B) generating non-peak demand C) increasing its customer participation D) sharing its services E) facilitating for its future expansion
Words like all and worst are considered "extreme absolutes."
Indicate whether the statement is true or false
In using the product cost concept of applying the cost-plus approach to product pricing, selling expenses, administrative expenses, and profit are covered in the markup
Indicate whether the statement is true or false