Which one of the following statements is TRUE?
A. One tool of corporate governance is the threat of removing current management.
B. The commission required by the Federal Housing Agency for a small business loan is an example of an agency cost.
C. One tool of corporate governance is the choice of how much dividends to pay.
D. Corporate governance is when an officer of a corporation is elected to public office.
E. One tool of corporate governance is the location of the company headquarters.
Answer: A
You might also like to view...
Social axioms are conceptualized as generalized expectancies that people hold about life and how it works
Indicate whether the statement is true or false
Ballard Company uses the perpetual inventory system. The company purchased $9500 of merchandise from Andes Company under the terms 2/10, net/30. Ballard paid for the merchandise within 10 days and also paid $400 freight to obtain the goods under terms FOB shipping point. All of the merchandise purchased was sold for $18,000 cash. What is the amount of gross margin that resulted from these business events?
A. $8290 B. $8100 C. $8500 D. $9500
Explore, a travel magazine, collected $500,000 in subscription revenue in May. Each subscriber will receive an issue of the magazine for each of the next 12 months, beginning with the June issue. The company uses the accrual method of accounting
Provide the journal entry for collection of cash in May. (Ignore explanation). Assume the magazine initially records a liability for the subscription revenue. What will be an ideal response
A common stock of a firm will have a maturity period of 10 years.
Answer the following statement true (T) or false (F)