Which of the following statements is/are advantages of incorporation?
A) Access to capital markets
B) Limited liability
C) Unlimited life
D) All of the above
D
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McDonald's operates in over 118 countries; however, 80% of its restaurants are located in nine countries which does not include the following country market:
A) Australia. B) Brazil. C) Germany. D) India. E) Japan.
On January 1, Year 1, Wilson Company borrowed $70,000 from State Bank. The note stipulates a 3-year term with a 3 percent interest rate. On December 31, Year 1, Wilson recorded an adjusting entry to accrue interest expense. Based solely on these events, indicate whether each of the following statements is true or false.________ a) The Year 1 income statement is not affected because interest expense has been accrued but not paid. ________ b) The Year 1 statement of cash flows will show a $70,000 cash inflow from investing activities.________ c) Accruing interest expense in Year 1 increased a liability.________ d) Accruing interest expense is a claims exchange transaction.________ e) Both assets and equity decreased in Year 1 as a result of this transaction.
What will be an ideal response?
Firms use competitive marketing intelligence to ________
A) create and sustain market monopolies B) counter the adverse effects of organizational anarchy C) perpetuate organizational learning D) gain early warnings of competitor moves and strategies E) strengthen weak ties with industry competitors
Which of the following statements is true of the award of legal custody after a divorce?
A) The awarding of legal custody to a custodial parent is permanent. B) The custodial parent only has physical custody because legal custody is always shared among divorced parents of the child. C) The wishes of the child in determining who receives legal custody is given more consideration for older children. D) The court cannot refuse to award custody to either parent under any extenuating circumstances.