Sometimes a value is assigned to the shares in the articles of incorporation. This arbitrary amount is known as projected value.
Answer the following statement true (T) or false (F)
False
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The sale of treasury stock at an amount greater than cost results in a gain to be reported on the income statement
Indicate whether the statement is true or false
When a company bills a customer for $700 for services performed, the journal entry to record this transaction will include a $700 debit to Services Revenue.
Answer the following statement true (T) or false (F)
In 2012, the Public Relations Society of America reached a common definition for public relations. Which of the following represents the winning definition?
A) "Like beauty, the definition of 'public relations' is in the eye of the beholder." B) "Public relations is a planned process to influence public opinion, through sound character and proper performance, based on mutually satisfactory two-way communication." C) "Public relations revolutionizes the way organizations and individuals communicate to their key constituent publics around the world." D) "Public relations is a strategic communication process that builds mutually beneficial relationships between organizations and their publics."
Promises to pay include notes and certificates of deposit
a. True b. False Indicate whether the statement is true or false