The remedy for misrepresentation is specific performance of the contract
a. True
b. False
Indicate whether the statement is true or false
False
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On January 1, 2016, a corporation had 10,380 shares of common stock outstanding, and on June 1, it reacquired 6,000 shares. Despite a net loss for the year of $180,000, the company declared and paid cash dividends of $24,000 and $28,000 on common and preferred stock, respectively. What was the earnings per share for 2016?
A) ($33.72) B) ($30.23) C) ($22.10) D) ($18.60)
One of the greatest fallacies of e-commerce security is depending on which of the following?
a. risk-assessment b. security through obscurity c. digital signature d. biometrics
Which of the following is an application of accrual accounting?
A) Depreciating a building as quickly as allowed by income tax regulations. B) Recording utilities expense in the accounting period covered by the monthly bill. C) Expensing a machine in its entirety when purchased. D) Recording revenue at the time payment is received.
What does a petty cash fund represent?
a. It represents the amount of cash a company has restricted for a specific purpose. b. It represents the investment that is readily convertible into cash and has an original maturity of three months or less. c. It represents the excess cash a company generates beyond what it needs to invest in productive capacity and pay dividends to stockholders. d. It represents the amount of cash kept on hand to pay for minor expenditures.