Holders of preferred stock normally do not have
A) preference as to dividends.
B) preference as to assets in liquidations.
C) full voting rights.
D) ownership interests in the corporation.
C
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If the governmental action has a reasonable relationship to the achievement of a legitimate purpose, it is declared constitutional under:
A. intermediate scrutiny analysis. B. suspect classifications. C. strict scrutiny analysis. D. rational basis analysis.
Auditors need to consider fraud arising from misappropriation of assets and fraudulent financial reporting
a. True b. False Indicate whether the statement is true or false
A reference group that a person wishes to maintain distance from because of differences in values or behaviors is referred to as a(n) ________ group.
A. aspiration B. associative C. socialization D. dissociative E. integrated
On December 31 . 2014, Omar Corporation's current liabilities total $60,000 and long-term liabilities total $160,000 . Working capital at December 31 . 2014, is equal to $90,000 . If Omar Corporation's debt-to-equity ratio is .40 to 1 . total long-term assets must equal
a. $620,000. b. $770,000. c. $550,000. d. $680,000.