A primary offering is a first-time offering of shares for sale
Indicate whether the statement is true or false
True
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The income tax benefit associated with a loss carryback or carryforward is recorded as an adjustment to income tax expense in the year of the loss.
Answer the following statement true (T) or false (F)
Finnish Motors has the following balance sheet accounts: Land$150,000 Equipment 90,000 Salaries Payable 12,000 Notes Payable 99,000 Supplies 10,000 Cash 25,000 Common Stock 40,000 Retained Earnings 100,000 Accounts Payable ? Prepaid Rent ? If the company has total liabilities and stockholders' equity of $290,000, what is the balance of the company's Prepaid Rent account?
A. $25,000. B. $15,000. C. $39,000. D. $12,000.
A table is in second normal form when it is
a. free of repeating group data b. free of transitive dependencies c. free of partial dependencies d. free of insert anomalies e. none of the above
Firms are willing to offer generous rebates because
A. they are easier for the consumer to use than are coupons. B. the retailer and manufacturer always split the cost. C. rebates increase sales, but firms may not have to pay off all the rebates offered. D. rebates are the only type of sales promotion proven to impact sales. E. they tend to generate repeat customers.