Which of the following phrases is not descriptive of the corporate form of business?
a. Professional management
b. Continuous existence
c. Double taxation
d. Unlimited liability
D
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A paragraph has coherence when each sentence
A) is connected smoothly to the sentence before and the sentence after. B) uses parallel construction to develop one idea consistently and logically. C) demonstrates the "you" attitude through implied or stated reader benefits. D) uses nondiscriminatory language. E) uses the appropriate typeface and mechanics.
The Securities Act of 1933 has two basic objectives, one of which is to:
A) extend protection to investors trading in securities that are already issued and outstanding. B) grant the SEC power to impose administrative, civil penalties up to $500,000. C) regulate disclosure requirements on publicly held corporations. D) prohibit misrepresentation, deceit, and other fraudulent acts and practices in the sale of securities generally, whether or not they are required to be registered.
With a bartering exchange, a company submits its surplus to the exchange and receives
A) points of credit, which the company can then use to buy items that it needs. B) an equivalent amount of products or services. C) interest payments until it buys something from the exchange. D) cash minus a small commission for services.
An error in the ending inventory balance will cause an error in the calculation of cost of goods sold.
Answer the following statement true (T) or false (F)