Explain why large and growing firms tend to choose the corporate form
What will be an ideal response?
The advantages of the corporation begin to dominate as the firm grows and needs access to the capital markets to raise
funds. Because of the limited liability, the ease of transferring ownership through the sale of common shares, and the
flexibility in dividing the shares, the corporation is the ideal business entity in terms of attracting new capital.
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Dallas Corp reported the following information for 2016 and 2017. Interest receivable, December 31, 2016 $1,100 Interest receivable, December 31, 2017 1,400 Interest income—2017 3,200 How much cash was received for interest during 2017?
a. $2,900 b. $3,200 c. $3,500 d. $3,800
Conduct an Internet search to locate a copy of the Sarbanes?Oxley Act of 2002 and summarize the requirements of Section 406 of the Act. Then, search the SEC’s web site (www.sec.gov) to locate the SEC’s Final Rule: “Disclosure Required by Sections 406 and 407 of the Sarbanes?Oxley Act of 2002 [Release No. 33-8177]. Summarize the SEC’s rule related to implementation of the Section 406
requirements? What will be an ideal response?
Which Access Wizard would you use if you want to generate a simple report?
A. Report Wizard B. Report Generator C. Report View D. Report Bar
Managers are much more prone to underinvest in flexibility when the product is innovative than to overinvest in flexibility when the product is functional.
Answer the following statement true (T) or false (F)