A company does not have to issue all of the shares authorized by the corporate charter, but it cannot issue more shares than are authorized
a. True
b. False
Indicate whether the statement is true or false
True
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In the U.S., data on potential output come from
A. estimates made by the Congressional Budget Office. B. data calculated by the Bureau of Trade. C. estimates generated by the National Bureau of Economic Research. D. forecasts from the United Nations Development Program.
Natural metric formats may include scale descriptors such as "poor," "fair," "good," "very good," and "excellent."
Indicate whether the statement is true or false
Anne LLC purchased computer equipment (five-year property) on August 29 for $30,000 and used the half-year convention to depreciate it. Anne LLC did not take §179 or bonus depreciation in the year it acquired the computer equipment. During the current year, which is the fourth year Anne LLC owned the property, the property was disposed of on January 15. Calculate the maximum depreciation expense. (Use MACRS Table 1.)
A. $3,456. B. $1,728. C. $1,874. D. $432. E. None of the choices are correct.
A limited liability company:
a. is chartered by the Securities and Exchange Commission b. has the liability of a corporation c. is taxed like a corporation d. is chartered by the Securities and Exchange Commission and has the liability of a corporation e. is taxed like and has the liability of a corporation