Which of the following statements about bonds of a corporation is TRUE?
A) All bonds have a right to share in the profits of a corporation
B) Bonds usually require regular payments as loans do
C) Bonds always have voting rights
D) All bonds can be converted to shares
E) Both A and D
B
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Chamberlain Company buys designer clothing to sell in its retail stores. Since much of the merchandise comes from Dallas and Europe, Chamberlain Company must pay freight charges to get the merchandise shipped in. Which statement is true?
a. Transportation-in is added to net purchases to determine cost of goods purchased in a periodic system. b. Transportation-in, paid by Chamberlain Company, is subtracted from purchases under the periodic system. c. Freight charges are only paid by a buyer in a periodic system. d. Transportation-in, paid by Chamberlain Company, is added to the inventory account under the periodic system.
Which of the following would not typically be included as part of the balance sheet disclosures related to stockholders' equity?
a. Accumulated other comprehensive income b. Details on stock repurchases c. Price/earnings ratios for stock d. Prior period adjustments to retained earnings
The assignment problem constraint x31 + x32 + x33 + x34 ? 2 means:
A) agent 3 can be assigned to 2 tasks. B) agent 3 can be assigned to no more than 2 tasks. C) a mixture of agents 1, 2, 3 and 4 will be assigned to tasks. D) agents 1, 2, 3, and 4 can be assigned up to 2 tasks.
Under a floating lien:
a. specific collateral only is used b. when collateral is sold the lien expires c. new inventory is unavailable to replace old collateral d. new inventory is used to replace collateral that is sold e. real estate is the collateral used