If a project is acceptable using the NPV criteria, it will also be acceptable when using the

profitability index and IRR criteria.

Indicate whether the statement is true or false

TRUE

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A corporation originally issued $13 par value common stock for $15 per share. Which of the following is included in the entry to record the purchase of 300 shares of treasury stock for $11 per share?

A) Treasury Stock-Common is debited for $3,300. B) Treasury Stock-Common is credited for $45. C) Retained Earnings is debited for $1,650. D) Treasury Stock-Common is debited for $1,650.

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In terms of ethical frameworks for reasoning, the rights approach is:

A) a method of decision making based on treating all people fairly and consistently B) the degree to which society values personal goals, personal autonomy, privacy over group loyalty, commitments to group norms, involvements in collective activities, social cohesiveness, and intense socialization C) a means of making decisions based on what is the greatest good for the greatest number of people D) a means of making decisions based on the belief that each person has fundamental rights, that should be respected and protected

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