Which of the following is reported as a financing activity?
a. Declaration of dividends
b. Sale of preferred stock
c. Conversion of preferred stock to common stock
d. Stock split
b
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When we say that a firm is using a differentiation advantage to developing competitive advantage, we mean that the approach is:
A) cost-based. B) perception-based. C) brand-based. D) quality-based.
Which of the following is not true regarding accounting estimates?
a. Accounting estimates are based on management's knowledge and experience of past and current events. b. Accounting estimates are based on management's assumptions about conditions that are expected to exist and courses of action the company expects to take. c. Accounting estimates are based on both subjective and objective factors d. Because accounting estimates are based, in part, on management's knowledge and experience, they are not biased.
A ________ is a person who agrees to pay a debt if the primary debtor does not
A) secondary contractor B) third-party contractor C) lessee D) guarantor
A contract cannot be formed if ______ is lacking
a. feeling b. friendship c. meaning d. purpose e. none of the other choices are correct