A force majeure clause is a clause that prevents additional terms in acceptances from becoming part of the contract
Indicate whether the statement is true or false
False
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Held-to-maturity securities are always debt securities, and never equity securities
Indicate whether the statement is true or false
On September 20, 2014, Shunt Corporation declared the distribution of the following dividend to its stockholders of record as of September 30, 2014: • Investment in 100,000 shares of Ramen Corporation stock, carrying value $600,000; fair market value on September 20, $1,450,000; fair market value on September 30, $1,575,000. The entry to record the declaration of the property dividend would
include a debit to Retained Earnings of a. $1,575,000. b. $1,450,000. c. $850,000. d. $600,000.
Unincorporated entities are typically treated as flow-through entities for tax purposes.
Answer the following statement true (T) or false (F)
Sustainability is broadly defined as:
a. Sustaining business efforts by cost cutting and profit seeking b. Seeking out exclusively foreign suppliers c. Doing the right social and environmental things in ways that make economic sense d. Pursuing high quality at the expense of increasing waste