The par value of a stock
a. is legally significant.
b. reflects the most recent market price.
c. is selected by the SEC.
d. is indicative of the worth of the stock.
Ans: a. is legally significant.
Business
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Qwerty, Inc. prepaid $7,200 on November 1, 2014 for a one-year insurance premium. On January 1, 2015 of the next year (after December 31 adjustments), the Prepaid Insurance account will have a debit balance of ________
A) $6,600 B) $7,800 C) $7,200 D) $6,000
Business
Proposals should be based on what you can do for the reader, and should not be compared to what the competition can do
Indicate whether the statement is true or false.
Business