A stock split results in a larger proportion of corporate ownership by the shareholder
Indicate whether the statement is true or false
False
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A ________ VMS consists of independent firms at different levels of production and distribution who join together through formal agreements to obtain more economies or sales impact than each could achieve alone
A) corporate B) contingency C) contractual D) communal E) conventional
Billy owes a liquidated debt of $3000 to Rayna, his personal weight trainer. Billy sends Rayna a check for $300 on which he has marked, "Payment in Full." If Rayna cashes the check she will not be able to successfully sue Billy for the remainder of the debt
a. True b. False Indicate whether the statement is true or false
Wright Company contracted with the city of St. Louis to train and employ disadvantaged youths. If Wright fails to fulfill the contract and is sued by one of the disadvantaged youths, the youth would
a. win, as he is an intended beneficiary. b. win, as he is a donor beneficiary. c. lose, as he is a creditor beneficiary. d. lose, as he is an incidental beneficiary.
Employer payroll taxes:
A. Are added expenses beyond that for the wages and salaries earned by employees. B. Represent the federal taxes withheld from employees. C. Represent the social security taxes withheld from employees. D. Are payable for up to a maximum $117,000 of employee earnings. E. Are paid by the employee.