The inexpensive nature of long-term debt in a firm's capital structure is partly because ________.
A) the equity holders are the true owners of the firm
B) equity capital has a fixed return
C) interest payments are tax-deductible
D) equity holders have a higher position in the priority of claims
C) interest payments are tax-deductible
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Using the straight-line method to amortize patents is an application of expense recognition using
A) cause and effect B) a systematic and rational allocation over time C) immediate consumption D) the percentage-of-completion method
Standard editing and proofreading symbols are more numerous and complex than _______________
a. those used in foreign languages b. professional-level symbols c. the writing we produce d. most of us need
On January 1, Year 1, Rickson Corporation purchased 7,500 shares of AutoTech as an equity method investment for a total of $235,000. The 7,500 shares represent 30% of the outstanding (25,000) shares of AutoTech. Prepare the journal entries for Rickson to record the following transactions and events:Dec. 31, Year 1:AutoTech reported net income of $66,000 for Year 2.Feb. 1, Year 2:Sold 1,875 of the AutoTech shares for $33 per share. ??Nov. 1, Year 2:Rickson received a $0.90 per share cash dividend from AutoTech.Dec. 31, Year 2:AutoTech reported net loss of $46,000 for Year 2.
What will be an ideal response?
Divorce or marriage will result in a revocation of a will
a. True b. False Indicate whether the statement is true or false