Neither the amount of detail nor the format of a management accounting report is affected by those to whom the report is sent

Indicate whether the statement is true or false


F

Business

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Anole Company was incorporated as a new business on January 1, 2015 . The company is authorized to issue 20,000 shares of $5 par value common stock and 10,000 shares of 6%, $10 par value, cumulative, participating preferred stock. On January 1, 2015, the company issued 8,000 shares of common stock for $15 per share and 2,000 shares of preferred stock for $30 per share. Net income for the year

ended December 31, 2015, was $375,000. Refer to the information about Anole Company. The number of Anole's unissued shares of common stock at December 31, 2015, is a. 6,000. b. 8,000. c. 10,000. d. 12,000.

Business

Liability on a negotiable instrument that is imposed on a party only when the party primarily liable on the instrument defaults and fails to pay the instrument when due is referred to as ________

A) secondary liability B) unqualified liability C) fringe liability D) warranty liability

Business

The notion that elections should be conducted under experimental laboratory conditions is known as the _______________________________ doctrine.

Fill in the blank(s) with the appropriate word(s).

Business

In the context of the process of controlling, "standards" are best defined as

A. results of performance evaluation. B. principles by which people distinguish what is morally right. C. objectives with a comparatively narrow focus. D. measures of what is expected.

Business