What right does a share confer on its owner in regard to an interest in the corporation?
a. Right to participate in control.
b. Right to participate in earnings of the corporation.
c. Right to participate in residual assets of the corporation upon dissolution.
d. All of these are conferred.
d
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An aid in internal control over payrolls that indicates employee attendance is
a. time card b. voucher system c. payroll register d. employee's earnings record
In which of the following periods was output growth the slowest in the U.S. economy?
A. Long boom period B. Economic liftoff period C. Post 2009 D. Reorganization period
Which concept explains why countries specialize in products that have a high domestic demand?
a. demand conditions b. external economies of scale c. home market effect d. overlapping demand
International accounting standards require companies to revalue their property, plant, and equipment to reflect fair market values
a. True b. False Indicate whether the statement is true or false