By law, shareholders in a corporation must be given stock certificates as a sign of formal ownership
a. True
b. False
Indicate whether the statement is true or false
False
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The principle of ________ proof suggests that people look to others to determine the correct response in many situations.
Fill in the blank(s) with the appropriate word(s).
Trendables, a manufacturer of electronic jewelry had the following results from its Subunit W:
Requirements:
1. Complete the performance evaluation report for this subunit (round to two decimal places).
2. Based on the data presented and your knowledge of the company, what type of responsibility center is this subunit?
3. Which items should be investigated if management's decision criteria is to investigate all variances equal to or exceeding $10,000 and 10% (both criteria must be met)?
4. Is it possible that the variances are due to a higher-than-expected sales volume?
5. Which balanced scorecard perspective is being addressed by this performance report? Is it a lead or lag indicator?
Gump Shrimp Company On January 1, 2011, Gump Shrimp Company purchased a ship for $1,000,000. It has a ten-year useful life and a salvage value of $100,000. The company uses the double-declining-balance method. Refer to the information provided for Gump Shrimp Company. What was the depreciation expense for Gump Shrimp for the year ended December 31, 2012?
A) $ -0- B) $180,000 C) $160,000 D) $200,000
In a sale or return contract, the buyer has the option of returning all the goods to the seller
Indicate whether the statement is true or false