A public company instituted a clawback policy. What does this mean?
a. The company can require the CEO and CFO to reimburse the company for any bonus or profits they recieved from selling company stock within a year of the release of flawed financials.
b. At least once every three years, companies must take a nonbinding shareholder vote on the compensation of the five highest-paid executives.
c. The company is prohibited from expelling shareholders unless the firm pays a fair price for the minority stock and the expulsion has a legitimate business purpose.
d. The company has decided that the compensation level of its executives is not in the company's best interests, so it reduces all executive pay levels by a certain percentage.
a
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A company receives a subscription for 4,000 shares of $1 par value common stock at $10 per share. The journal entry for this transaction would include a debit to
a. Common Stock Subscriptions Receivable, $40,000. b. Common Stock Subscribed, $40,000. c. Common Stock, $40,000. d. Premium on Common Stock, $40,000.
The network paradox is that networks exist to provide user access to shared resources while one of its most important objectives is to control access
Indicate whether the statement is true or false
An advantage of using the periodic inventory system is that it requires less recordkeeping than the perpetual inventory system
Indicate whether the statement is true or false
It seems as if tuition ________ every year
a. raises b. rises