Eatsy Corp owes Hardy, Inc, $30,000 on a note payable, plus $1,800 interest. Hardy agrees to accept 400 shares of Eatsy common stock in full settlement of the debt. Eatsy stock has a par value of $10 and a current market value of $70 per share. As a result of the debt restructuring, Eatsy Corp should record an
A) ordinary loss of $1,800.
B) extraordinary gain of $1,800.
C) ordinary gain of $3,800.
D) extraordinary gain of $3,800.
C
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There are many different stakeholders found in an organization. Stakeholders drive business strategies, and depending on the stakeholder's perspective, the business strategy can change. Which of the following is a main concern for the government?
A. Reliable contracts B. Adhere to regulations/laws C. Exceptional customer service D. Maximize profits
Which of the following is not an example of industry structure convergence?
A. Amazon's creation of Amazon Books Publishing B. Verizon's acquisition of Yahoo C. AT&T's acquisition of Time Warner D. Apple's development of the iPad
Suppliers are considered stakeholders of a firm.
Answer the following statement true (T) or false (F)
Which of the following is true about withdrawing funds from a traditional IRA?
A) Typically you can't withdraw funds before age 59 1/2 without being penalized. B) Amounts withdrawn early are subject to a 10% penalty. C) Amounts withdrawn are subject to federal and state income taxes. D) all of the above