An impairment occurs when an asset's carrying value falls below its total future cash-generating ability

Indicate whether the statement is true or false.

Answer: FALSE

Business

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From its inception through the year of 2016, Quicksales, Inc was profitable and made strong dividend payments each year

In the year 2017, Quicksales had major losses and paid no dividends. In 2018, the company started making large profits again, and they were able to pay dividends to all shareholders-both common and preferred. There are 2,000 shares of cumulative, 10% preferred stock outstanding. The preferred stock has a par value of $100. What is the total amount of dividends that should be paid to the preferred stockholders in December, 2018? A) $60,000 B) $90 C) $20,000 D) $40,000

Business

IBM lets frontline employees spend up to $5,000 to solve a customer problem on the spot, which is an example of which of the following steps that a marketing CEO can take to create a market- and customer-focused company?

A) Empower the employees. B) Hire strong marketing talent. C) Get outside help and guidance. D) Install a modern marketing planning system. E) Develop strong in-house marketing training programs.

Business