A company that reports a discontinued operation or an extraordinary item has the option of reporting per share amounts for these items.

a. true
b. false

Answer: b. false

Business

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Pacific Motors Inc. plans to issue $3,000,000 of commercial paper with a 6-month maturity at 98% of par value. What is the 6-month interest rate?

A) 2.00% B) 4.00% C) 2.04% D) 4.08%

Business

Which of the following styles of leadership benefits the group by valuing people's inputs and obtaining their commitment through participation?

A) affiliative B) autocratic C) free-rein D) democratic E) visionary

Business