Lucia owns 100 shares of Cronco Inc. which she purchased on December 1 of last year for $10,000. The stock is not Sec. 1244 stock. On July 1 of the current year, Lucia receives notice from the bankruptcy court that Cronco Inc. has been liquidated, and there are no assets remaining for shareholders. As a result, Lucia will have

World-wide Financial Services, Inc. invested $27,000 to acquire 4000 shares of Dawn Investments, Inc. on March 15, 2016. This investment represents less than 20% of the investee's voting stock. On May 7, 2019, World-wide Financial Services, Inc. sells 2500 shares for $14,250. In the accounting equation on May 7, 2019, ________.

A) total assets will remain unchanged B) total assets will increase C) total liabilities will decrease D) total equity will decrease

When assessing future hospitality work, which statement is the most likely or accurate?

a. The next generation resembles the current generation in work ethic. b. The next generation will be more psychologically motivated than the current generation. c. The next generation of employees will be more diverse than the current generation. d. Baby boomers will have minimal effect on the available workforce.

Arthur Enterprises had the following long-term debt: Sinking fund bonds, maturing in installments .......... $1,200,000 Industrial revenue bonds, maturing in installments .... 800,000 Subordinated bonds, maturing on a single date ......... 1,500,000 The total of the serial bonds amounted to

a. $900,000. b. $1,500,000. c. $2,000,000. d. $2,400,000.

The degree of centralization of an organization is based on the

A. degree of departmentalization. B. level of bureaucracy. C. organization chart. D. delegation of authority. E. degree of job specialization.