Directors who receive only a small fee for their services, do not owe any fiduciary duties to the Company
Indicate whether the statement is true or false
FALSE
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_____ software notifies bloggers when their posts have been mentioned elsewhere on the Web, so they and their readers can extend the discussion beyond the original blog.
A. RSS B. Spyware C. Clickstream D. Trackback
Situational pressure includes personal or job related stresses that could coerce an individual to act dishonestly
Indicate whether the statement is true or false
Product lines are often evaluated as profit centers.
Answer the following statement true (T) or false (F)
On January 1 of this year, Conrad Nelson contributed $15,000 cash in exchange for 50 shares of stock in Sterling Inc., an S corporation. Sterling employs Conrad as its director of marketing. Conrad's current year salary was $70,000 and his pro rata share of Sterling's ordinary business income was $16,800. During the year, Conrad received a $9,000 cash distribution with respect to his Sterling stock. Compute Conrad's basis in his Sterling stock at year end.
A. $15,000 B. $22,800 C. $92,800 D. $31,800