Which type of stock is issued by all corporations?
What will be an ideal response?
Common stock
All corporations issue common stock. Only a fraction of corporations choose to issue preferred stock.
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At year-end, a trial balance showed total credits exceeding total debits by $5700. This difference could have been caused by:
A. The balance of $57,000 in Accounts Payable being entered in the trial balance as $5700. B. An error in the general journal where a $5700 increase in Accounts Payable was recorded as a decrease in Accounts Payable. C. A net income of $5700. D. The balance of $6400 in the Office Equipment account being entered on the trial balance as a debit of $700. E. An error in the general journal where a $5700 increase in Accounts Receivable was recorded as an increase in Cash.
The cash flow yield equals net income divided by net cash flows from operating activities
Indicate whether the statement is true or false
The Anticybersquatting Consumer Protection Act protects against bad faith registrations of
domain names only if the domain name is trademarked. Indicate whether the statement is true or false
Mike owns a house in a poor area of a large city. Mike is on disability and his total monthly income is $700 . A sales representative visits his home, selling a water purification system. Mike signs a contract that calls for monthly payments of $500 for the next 10 years. The water system is worth no more than $1000 . Mike thought he was signing a permission slip allowing the salesman to conduct
a free water test to determine the toxins in the water. How would a court most likely describe this contract? a. The contract is fully enforceable as written. b. The contract is unenforceable because it is unconscionable. c. The contract is enforceable, but only up to the value of the water system. d. The contract is unenforceable because it is exculpatory.