Selling common stock for cash causes assets to increase and stockholders' equity to decrease.
Answer the following statement true (T) or false (F)
False
Stockholders' equity increases.
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For a manufactured product, all costs incurred to get the product ready for sale are included in the inventory value of the product
Indicate whether the statement is true or false
Before the 2008 Olympics, Speedo supplemented its advertising with an MPR campaign that featured
A) complimentary tickets to the games for bloggers who talked up the brand. B) endorsements from prominent Olympic swimmers. C) a nationwide prize drawing for a backyard swimming pool. D) top company executives holding a press conference in swimsuits. E) media coverage of charitable donations to swim clubs throughout the country.
Dave Tompkins was up late one night watching a television campaign for a charitable organization. The organization was seeking donations in order to construct a new building that would serve as the organization's headquarters. One of Tomkins' favorite
performers appeared to promote the campaign, and this prompted Dave to telephone in a pledge. Tomkins pledged $10,000 to the charity and, feeling good about his action, finally went to sleep. The next morning, Tomkins regretted making the pledge because its enforcement would cause great personal financial hardship. Will the charity be able to legally enforce the pledge Tomkins made? If so, why might the charity choose not to enforce a lawful pledge?
Both capital gains and dividends are guaranteed with common stock
Indicate whether this statement is true or false.