A corporation's board of directors may influence dividend policies, but the company's senior management has sole authority to declare dividends
Indicate whether the statement is true or false
False
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__________is a line item on the income statement to reflect any gain or loss from an event that is both unusual in nature and infrequent in occurrence
Fill in the blank(s) with correct word
Which of the following is true about advertising spending in the United States?
A. Advertising spending in the United States was $450 billion in 2015. B. Firms spend an average of only about 2.5 percent of their sales dollars on advertising. C. Advertising in the United States accounts for roughly 50 percent of worldwide advertising spending. D. The advertising spending as a percent of sales dollars remains same for all product categories. E. Firms spend more money for advertising business products than consumer products.
Which of the following is the first step in developing an advertising program?
A) setting the advertising budget B) developing an advertising strategy C) developing a brand message D) setting advertising objectives E) evaluating advertising campaigns
Under the U.S. tax system, a domestic corporation pays U.S. tax only on the portion of its business income earned in the United States.
Answer the following statement true (T) or false (F)