The assets for the balance sheet must equal the liabilities and stockholders' equity
Indicate whether the statement is true or false
T
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If a company issues $5 par value common stock,
a. $5 per share is presented in the common stock account on the balance sheet. b. the minimum selling price is $5. c. the shareholders will receive $5 in dividends. d. liabilities are increased as a result of the transaction.
Answer the following statement(s) true (T) or false (F)
11. In the building approach, information about how to proceed is readily available. 12. Entrepreneurs who have alertness rationally and systematically search their environment or their particular information sets for opportunities. 13. Research shows that entrepreneurs with preexisting knowledge of an industry or market are more likely to recognize opportunities than entrepreneurs who have less experience. 14. Typically, entrepreneurs go through three processes before they are able to identify an opportunity for a new business venture: idea generation, creativity, and opportunity recognition. 15. The purpose of the creativity stage is to transform ideas into opportunities.
Defenses that may be asserted against a holder in due course are called:
A) personal defenses. B) real defenses. C) special defenses. D) holder in due course defenses.
The administrative agency equivalent to a court trial is:
a. a commissioner's hearing b. a Congressional review c. a rulemaking d. an adjudicatory hearing e. none of the other choices