Aservice mark distinguishes products used, or "put into service," by the government
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following statements is true of Article 2?
A. Article 2 applies to bonds, information, and other intangibles. B. Article 2 applies to contracts for the sale of real estate or stocks. C. Article 2 does not apply to service contracts. D. Article 2 does not apply to contracts for the sale of goods.
A firm sold an investment in securities available for sale originally costing $30,000, for $28,000 . At the beginning of the year, the investment had a valuation allowance of $3,000, debit. What is the correct disclosure for these events in the statement of cash flows prepared under the direct method, assuming this is the only investment in securities available for sale?
a. $28,000 investing cash inflow; add $33,000 in the reconciliation of earnings and net operating cash flow b. $28,000 investing cash inflow; add $2,000 in the reconciliation of earnings and net operating cash inflow c. $28,000 investing cash inflow; add $5,000 in the reconciliation of earnings and net operating cash inflow d. Add $5,000 in the reconciliation of earnings and net operating cash flow.
According to the signaling theory, a firm with unfavorable future prospects might issue common stock in an effort to:
A. share any losses with new stockholders (owners). B. increase bankruptcy costs associated with the firm. C. skip the regular dividend payments on common stock. D. maintain a reserve borrowing capacity. E. increase the tax benefit it derives from dividend payments to stockholders.
Roberts Construction Group paid $6,000 for a plant asset that had a market value of $10,500. At which of the following amounts should the plant asset be recorded?
A) $10,500 B) $3,000 C) $6,000 D) $12,000