Computer crimes are so commonplace that an estimated two out of every three copies of software are illegally obtained
Indicate whether the statement is true or false
True
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On September 30, Pineville Corporation declared and issued a 10% common stock dividend. Prior to this dividend, Pineville had 50,000 shares of $5 par value common stock issued and outstanding. The fair value of Pineville's common stock was $52 per share on September 30 . As a result of this stock dividend, Pineville's total stockholders' equity
a. increased by $25,000. b. decreased by $25,000. c. increased by $260,000. d. decreased by $260,000. e. did not change.
Hutter Corporation declared a $0.50 per share cash dividend on its common shares. The company has 20,000 shares authorized, 9,000 shares issued, and 8,000 shares of common stock outstanding. The journal entry to record the dividend declaration is:
A. Debit Retained Earnings $4,000; credit Common Dividends Payable $4,000. B. Debit Common Dividends Payable $4,000; credit Cash $4,000. C. Debit Common Dividends Payable $4,500; credit Cash $4,500. D. Debit Retained Earnings $10,000; credit Common Dividends Payable $10,000. E. Debit Retained Earnings $4,500; credit Common Dividends Payable $4,500.
Advantages of selecting the paid-up additions dividend option in a life insurance policy include which of the following?
I. Evidence of insurability is not required to purchase additional insurance. II. The additions are purchased at net rates without a loading for expenses. A) I only B) II only C) both I and II D) neither I nor II
An employer decides to downsize to cut costs. It plans to eliminate 100 jobs out of 250 total jobs. The employer notifies the employees' union representative on May 15 . The layoffs will be effective May 30 . If the employer's action is legally challenged, a court would most likely decide:
a. For the employer because it is not large enough to be covered under the WARN Act b. For the employer because there is no plant closing or mass layoff that would trigger the WARN Act's requirements c. For the employees because they did not receive individual notification as required by the WARN Act d. For the employees because they did not receive the amount of advance notice of a mass layoff required by the WARN Act e. For the employees because they did not receive severance pay as required by the WARN Act