Special journals save substantial time because
a. account titles don't have
to be written for each entry; b. summary posting is done monthly; c. totals are posted instead of individual transactions; d. all of these; e. none of these.
D
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Promoters are not agents of the corporation prior to its incorporation.
Answer the following statement true (T) or false (F)
All of the following are indications of significant influence over another company except
a. participation in policymaking. b. representation on the board of directors. c. technological dependency between the two companies. d. ownership of all of the other company's debt securities.
According to studies by Rugman and Verbeke, most of the 500 largest companies in the world are global.
Answer the following statement true (T) or false (F)
Suppose a foreign investor who holds tax-exempt Eurobonds paying 10.50% is considering investing in an equivalent-risk domestic bond in a country with a 28.00% withholding tax on interest paid to foreigners. If 10.50% after-tax is the investor's required return, what before-tax rate would the domestic bond need to pay to provide the required after-tax return?
A. 15.46% B. 16.33% C. 16.92% D. 12.83% E. 14.58%