Which of the following arguments are espoused by proponents of positive action policies?
a. Compensatory justice
b. Retaliatory justice
c. Law of equanimity
d. Social unification
a. Compensatory justice
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Data from Lheureux Corporation's most recent balance sheet and the company's income statement appear below: Year 2Year 1Total assets$1,440 $1,480 Total liabilities$400 $450 Total stockholders' equity$1,040 $1,030 Income StatementFor the Year Ended December 31, Year 2(in thousands of dollars)Sales (all on account)$1,280 Cost of goods sold 850 Gross margin 430 Selling and administrative expense 355 Net operating income 75 Interest expense 18 Net income before taxes 57 Income taxes (30%) 17 Net income$40 The debt-to-equity ratio at the end of Year 2 is closest to:
A. 0.38 B. 0.16 C. 0.43 D. 0.13
Electronic (fax) forms of contracts are valid
Indicate whether the statement is true or false
It is believed that the median yearly income in a suburb of Atlanta is $70,000 . A sample of 67 residents was taken. Thirty-eight had yearly incomes above $70,000, 26 had yearly incomes below $70,000, and 3 had yearly incomes equal to $70,000 . The null hypothesis to be tested is H0: Median = $70,000 . The null hypothesis should _____
a. be rejected b. not be rejected c. be revised d. None of the answers is correct.
If an S corporation inadvertently terminates its election, the IRS
A) may permit the corporation to report as an S corporation even for the period that includes the termination date. B) will not permit the corporation to restore its S election until the completion of a five-year waiting period. C) will permit restoration of the S election only if the event causing the termination was not within the control of the corporation. D) will permit restoration of the S election if a majority of the shareholders consent to the reinstatement.