The infancy doctrine gives adults the right to disaffirm contracts entered with minors
Indicate whether the statement is true or false
FALSE
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On January 1, 2018, Waddle Company adopted a compensatory stock option plan and granted its managers 10,000 options to buy shares of common stock; each option can be used to acquire a share of common stock at a price of $25 a share. The fair value of each option was $7.50 on January 1, 2018. The options can be converted into common stock after July 1, 2018. The required service period is three years. What is the balance in paid-in capital-stock options as of December 31, 2019 assuming that the fair value approach to accounting for stock options is used?
A. $100,000 B. $25,000 C. $50,000 D. $0
Costs for which of the following activities would not be included as part of research and development (R&D) costs?
A) ?testing in search for or evaluation of product or process alternatives. B) ?adaptation of an existing capability to a particular requirement or customer's need as part of a continuing commercial activity. C) searching for applications of new research findings or of other knowledge?. D) ?design, construction, and testing or preproduction prototypes and models.
In a mutually inclusive project situation, if one project is chosen, all related projects are also chosen
Indicate whether the statement is true or false
Which of the following guidelines is one of the basic rules given in the text for using questions?
A. Remain silent, even for a few minutes, to get an answer from the prospect. B. Agree with everything the prospect says. C. Ask a non-directive question after receiving a negative response. D. If the prospect pauses in his answer, answer for him. E. Show the prospect the product after asking a product question.