Corporations are "persons" that enjoy many of the same rights and privileges accorded real persons

a. True
b. False
Indicate whether the statement is true or false


True

Business

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A stock split results in a transfer of the market value of the stock from Retained Earnings to Contributed Capital

Indicate whether the statement is true or false

Business

Answer the following statements true (T) or false (F)

Financing indicators are included in the guidelines provided by SFAS No. 52 for determining the functional currency.

Business

An audit which focuses on a retailer's pricing strategy illustrates a _____ audit

a. vertical b. disguised c. horizontal d. nondisguised

Business

______ are a group of firms in the same industry that follow the same, or similar, strategies.

a. Strategic partners b. Cooperating firms c. Strategic groups d. Strategic networks

Business