All activities on a critical path have zero slack time
a. True
b. False
Indicate whether the statement is true or false
True
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Winters Corporation purchased 15,000 shares of Poores Corporation common stock for $60 per share on January 2, 2014. Poores Corporation reported net income of $1,500,000 for 2014 and paid dividends of $300,000 during 2014. Poores has a total of 50,000 shares of common stock outstanding. The entry that would be recorded to recognize the receipt of cash dividend is:
A) Cash 90,000 Dividend Income 90,000 B) Income, Poores Corporation Investment 90,000 Cash 90,000 C) Cash 90,000 Income, Poores Corporation Investment 90,000 D) Cash 90,000 Investment in Poores Corporation 90,000
SFAS No. 130 allows all but which of the following regarding comprehensive income?
a. Reporting comprehensive income in a combined statement of financial performance b. Reporting comprehensive income in a separate statement of comprehensive income which would begin with net income c. Reporting comprehensive income within a statement of changes in equity d. Not reporting comprehensive income
?Which of the following actions is consistent with social responsibility but is not necessarily inconsistent with stockholder wealth maximization?
A. ?Selling a smokestack "scrubber" to follow the firm's air pollution policy to overlook conditions mandated by law. B. ?Dumping effluent discharge into a river, where it ruins the drinking water of the community around the plant. The installation of machinery to treat the effluents is very expensive. C. ?Investing in a smokestack filter to reduce sulphur-dioxide emissions in order to reduce the current tax being levied on the firm by the state for its pollution. D. ?Making a large corporate donation to the local community in order to fund a recreation complex that will be used by the firm's employees only. E. ?Consider buying out the competitor's business in an attempt to establish monopoly for its product in the market.
The ultimate goal of most market-oriented firms is profitability that results from satisfying the wants and needs of its consumers.
Answer the following statement true (T) or false (F)