An understanding of personal finance is not necessary to judge the quality of advice that a financial adviser may give
Indicate whether the statement is true or false.
Answer: FALSE
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Poole Company began business on January 1, 2016 . The corporate charter authorized issuance of 5,000 shares of $1 par value common stock, and 4,000 shares of $8 par value, 6% cumulative preferred stock. None of the preferred shares were issued. On July 1, Poole issued 1,000 shares of common stock in exchange for two years rent on a retail location. The cash rental price is $2,400 per month and
the rental period begins on July 1 . The correct entry to record the July 1 transaction will a. Increase Cash, $57,600; Decrease Prepaid Rent, $57,600 b. Increase Prepaid Rent, $57,600; Increase Common Stock, $57,600 c. Increase Prepaid Rent, $57,600; Increase Common Stock, $1,000; Increase Additional Paid-in Capital—Common, $56,600 d. Increase Prepaid Rent, $57,600; Increase Common Stock, $5,000; Increase Additional Paid-in Capital—Common, $52,600
Which of the following statements about high performing teams is not true?
a. They are very cohesive. b. It takes advantage of the diverse backgrounds and abilities of its members. c. It is very likely to be virtual. d. It can easily adapt to changing information or circumstances.
When the criterion variable has two categories, the technique is referred to as multiple discriminant analysis
Indicate whether the statement is true or false
Which of the following is most likely a financial public?
A) community organization B) minority group C) corporate attorney D) stockholder E) newspaper