Ready Equipment, Inc authorized and specified in its charter 5,000 shares of stock to be issued. If it later needs to issue stock in excess of 5,000 shares, the charter will have to be amended
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following factors most likely would heighten an auditor's concern about the risk of fraudulent financial reporting?
A. Inability to generate cash flows from operations while reporting substantial earnings growth. B. Inability to borrow necessary capital without granting debt covenants. C. Management's lack of interest in increasing the entity's earnings trend. D. Large amounts of liquid assets that are easily converted into cash.
Grand Lighting Co has filed a petition for voluntary bankruptcy under Chapter 7 of the Code. Which of the following will prohibit creditors from collecting debts that Grand Lighting incurred before the petition was filed?
a. An automatic stay b. A proof of claim c. A voluntary petition d. A discharge statement
When Cisco Systems Inc. of San Jose, California, and Tata Consultancy Services of Mumbai, India, entered into a relationship, they both continued to develop market-ready infrastructure and network solutions for customers, but they relied on each other to provide the training and skills that one or the other might have lacked. This relationship is best described as
A. NAFTA. B. a joint venture. C. CAFTA. D. an international partnership. E. a strategic alliance.
A knowledge society is one that has migrated from work based on knowledge to one based on manual work
Indicate whether the statement is true or false